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$672,258$602,100
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$3,361$0
Note rate6.190%7.400%
Blended rate6.190%7.640%
1st payment$4,149.61$4,168.82
2nd payment$0.00$0.00
Taxes / mo$162.67$162.67
Insurance / mo$166.67$166.67
MI / mo$0.00$120.42
HOA / mo$0.00$0.00
Total monthly$4,478.94$4,618.57
Cash to close$0$66,900