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$565,423$558,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$2,827$0
Note rate6.930%7.400%
Blended rate6.930%7.640%
1st payment$3,798.43$3,863.48
2nd payment$0.00$0.00
Taxes / mo$17.67$17.67
Insurance / mo$166.67$166.67
MI / mo$0.00$111.60
HOA / mo$120.00$120.00
Total monthly$4,102.76$4,279.41
Cash to close$54,577$62,000