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$643,962$607,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$3,220$0
Note rate5.125%7.24%
Blended rate5.125%7.48%
1st payment$3,751.19$4,140.10
2nd payment$0.00$0.00
Taxes / mo$344.92$344.92
Insurance / mo$166.67$166.67
MI / mo$0.00$121.50
HOA / mo$155.00$155.00
Total monthly$4,417.77$4,928.18
Cash to close$31,038$67,500