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$650,338$539,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$3,252$0
Note rate4.75%7.24%
Blended rate4.75%7.48%
1st payment$3,651.53$3,673.96
2nd payment$0.00$0.00
Taxes / mo$442.17$442.17
Insurance / mo$166.67$166.67
MI / mo$0.00$107.82
HOA / mo$50.00$50.00
Total monthly$4,310.36$4,440.61
Cash to close$0$59,900