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$582,239$539,999
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$2,911$0
Note rate5.41%7.18%
Blended rate5.41%7.42%
1st payment$3,485.31$3,658.14
2nd payment$0.00$0.00
Taxes / mo$189.50$189.50
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$102.00$102.00
Total monthly$3,943.47$4,224.31
Cash to close$17,760$60,000