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$583,318$531,000
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$2,917$0
Note rate6.26%7.18%
Blended rate6.26%7.42%
1st payment$3,626.95$3,597.18
2nd payment$0.00$0.00
Taxes / mo$208.08$208.08
Insurance / mo$166.67$166.67
MI / mo$0.00$106.20
HOA / mo$128.00$128.00
Total monthly$4,129.70$4,206.13
Cash to close$6,682$59,000