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$665,829$652,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$3,329$0
Note rate6.580%7.320%
Blended rate6.580%7.560%
1st payment$4,286.73$4,482.22
2nd payment$0.00$0.00
Taxes / mo$214.25$214.25
Insurance / mo$216.67$216.67
MI / mo$0.00$130.50
HOA / mo$0.00$0.00
Total monthly$4,717.64$5,043.64
Cash to close$59,171$72,500