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$685,854$540,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$3,429$0
Note rate4.480%7.400%
Blended rate4.480%7.640%
1st payment$3,744.42$3,738.85
2nd payment$0.00$0.00
Taxes / mo$329.08$329.08
Insurance / mo$166.67$166.67
MI / mo$0.00$108.00
HOA / mo$225.00$225.00
Total monthly$4,465.17$4,567.60
Cash to close$0$60,000