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$673,776$627,300
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$3,369$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$4,266.46$4,275.04
2nd payment$0.00$0.00
Taxes / mo$185.58$185.58
Insurance / mo$166.67$166.67
MI / mo$0.00$125.46
HOA / mo$0.00$0.00
Total monthly$4,618.71$4,752.75
Cash to close$23,224$69,700