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$638,623$624,600
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$3,193$0
Note rate6.78%7.24%
Blended rate6.78%7.48%
1st payment$4,274.07$4,256.64
2nd payment$0.00$0.00
Taxes / mo$242.42$242.42
Insurance / mo$166.67$166.67
MI / mo$0.00$124.92
HOA / mo$0.00$0.00
Total monthly$4,683.16$4,790.64
Cash to close$55,377$69,400