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$666,651$607,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$3,333$0
Note rate4.480%7.400%
Blended rate4.480%7.640%
1st payment$3,639.58$4,206.21
2nd payment$0.00$0.00
Taxes / mo$220.25$220.25
Insurance / mo$166.67$166.67
MI / mo$0.00$121.50
HOA / mo$0.00$0.00
Total monthly$4,026.50$4,714.62
Cash to close$8,349$67,500