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$586,771$539,100
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$2,934$0
Note rate3.100%7.400%
Blended rate3.100%7.640%
1st payment$2,782.63$3,732.62
2nd payment$0.00$0.00
Taxes / mo$223.17$223.17
Insurance / mo$166.67$166.67
MI / mo$0.00$107.82
HOA / mo$0.00$0.00
Total monthly$3,172.46$4,230.27
Cash to close$12,229$59,900