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$586,854$562,500
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$2,934$0
Note rate6.84%7.18%
Blended rate6.84%7.42%
1st payment$3,915.16$3,810.57
2nd payment$0.00$0.00
Taxes / mo$273.42$273.42
Insurance / mo$166.67$166.67
MI / mo$0.00$112.50
HOA / mo$132.00$132.00
Total monthly$4,487.24$4,495.15
Cash to close$38,146$62,500