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$665,194$652,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$3,326$0
Note rate6.58%7.24%
Blended rate6.58%7.48%
1st payment$4,286.73$4,446.78
2nd payment$0.00$0.00
Taxes / mo$214.25$214.25
Insurance / mo$216.67$216.67
MI / mo$0.00$130.50
HOA / mo$0.00$0.00
Total monthly$4,717.64$5,008.19
Cash to close$59,806$72,500