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$621,358$587,700
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$3,107$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$3,971.80$4,005.16
2nd payment$0.00$0.00
Taxes / mo$247.92$247.92
Insurance / mo$166.67$166.67
MI / mo$0.00$117.54
HOA / mo$0.00$0.00
Total monthly$4,386.39$4,537.29
Cash to close$31,642$65,300