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$552,089$521,955
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$2,760$0
Note rate6.810%7.240%
Blended rate6.810%7.480%
1st payment$3,647.99$3,557.11
2nd payment$0.00$0.00
Taxes / mo$483.29$483.29
Insurance / mo$166.67$166.67
MI / mo$0.00$104.39
HOA / mo$0.00$0.00
Total monthly$4,297.94$4,311.46
Cash to close$27,861$57,995