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$591,502$562,950
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$2,958$0
Note rate3.14%7.18%
Blended rate3.14%7.42%
1st payment$2,823.56$3,813.62
2nd payment$0.00$0.00
Taxes / mo$217.92$217.92
Insurance / mo$166.67$166.67
MI / mo$0.00$112.59
HOA / mo$175.00$175.00
Total monthly$3,383.14$4,485.79
Cash to close$33,998$62,550