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$651,748$608,220
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,259$0
Note rate4.250%7.400%
Blended rate4.250%7.640%
1st payment$3,320.59$4,211.19
2nd payment$0.00$0.00
Taxes / mo$193.67$193.67
Insurance / mo$166.67$166.67
MI / mo$0.00$121.64
HOA / mo$90.00$90.00
Total monthly$3,770.93$4,783.17
Cash to close$24,052$67,580