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$615,248$589,410
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$3,076$0
Note rate6.78%7.24%
Blended rate6.78%7.48%
1st payment$4,088.46$4,016.82
2nd payment$0.00$0.00
Taxes / mo$375.33$375.33
Insurance / mo$166.67$166.67
MI / mo$0.00$117.88
HOA / mo$178.00$178.00
Total monthly$4,808.46$4,854.70
Cash to close$39,652$65,490