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$589,752$553,500
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$2,949$0
Note rate6.240%7.400%
Blended rate6.240%7.640%
1st payment$3,659.34$3,832.32
2nd payment$0.00$0.00
Taxes / mo$13.92$13.92
Insurance / mo$166.67$166.67
MI / mo$0.00$110.70
HOA / mo$136.00$136.00
Total monthly$3,975.92$4,259.61
Cash to close$25,248$61,500