Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$580,768$566,100
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$2,904$0
Note rate6.65%7.24%
Blended rate6.65%7.48%
1st payment$3,787.43$3,857.96
2nd payment$0.00$0.00
Taxes / mo$97.17$97.17
Insurance / mo$166.67$166.67
MI / mo$0.00$113.22
HOA / mo$0.00$0.00
Total monthly$4,051.27$4,235.01
Cash to close$48,232$62,900