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$585,511$530,100
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$2,928$0
Note rate6.110%7.240%
Blended rate6.110%7.480%
1st payment$3,573.11$3,612.62
2nd payment$0.00$0.00
Taxes / mo$490.83$490.83
Insurance / mo$166.67$166.67
MI / mo$0.00$106.02
HOA / mo$349.00$349.00
Total monthly$4,579.61$4,725.14
Cash to close$3,489$58,900