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$578,654$558,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$2,893$0
Note rate6.93%7.18%
Blended rate6.93%7.42%
1st payment$3,890.98$3,780.09
2nd payment$0.00$0.00
Taxes / mo$227.75$227.75
Insurance / mo$166.67$166.67
MI / mo$0.00$111.60
HOA / mo$514.00$514.00
Total monthly$4,799.40$4,800.10
Cash to close$41,346$62,000