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$526,107$513,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$2,631$0
Note rate6.66%7.18%
Blended rate6.66%7.42%
1st payment$3,547.30$3,475.24
2nd payment$0.00$0.00
Taxes / mo$187.50$187.50
Insurance / mo$166.67$166.67
MI / mo$0.00$102.60
HOA / mo$89.00$89.00
Total monthly$3,990.47$4,021.01
Cash to close$43,893$57,000