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$624,293$611,999
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$3,121$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$3,982.85$4,170.76
2nd payment$0.00$0.00
Taxes / mo$338.67$338.67
Insurance / mo$166.67$166.67
MI / mo$0.00$122.40
HOA / mo$0.00$0.00
Total monthly$4,488.18$4,798.50
Cash to close$55,706$68,000