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$543,476$522,000
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$2,717$0
Note rate6.42%7.24%
Blended rate6.42%7.48%
1st payment$3,568.66$3,557.42
2nd payment$0.00$0.00
Taxes / mo$549.67$549.67
Insurance / mo$166.67$166.67
MI / mo$0.00$104.40
HOA / mo$94.67$94.67
Total monthly$4,379.67$4,472.82
Cash to close$36,524$58,000