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$680,232$630,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$3,401$0
Note rate6.27%7.24%
Blended rate6.27%7.48%
1st payment$4,380.83$4,293.44
2nd payment$0.00$0.00
Taxes / mo$581.58$581.58
Insurance / mo$166.67$166.67
MI / mo$0.00$126.00
HOA / mo$0.00$0.00
Total monthly$5,129.08$5,167.69
Cash to close$19,768$70,000