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$620,980$571,410
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$3,105$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$3,950.43$3,956.33
2nd payment$0.00$0.00
Taxes / mo$172.00$172.00
Insurance / mo$166.67$166.67
MI / mo$0.00$114.28
HOA / mo$110.00$110.00
Total monthly$4,399.09$4,519.28
Cash to close$13,920$63,490