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$623,600$561,240
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$3,118$0
Note rate0.000%7.320%
Blended rate0.000%7.560%
1st payment$1,732.22$3,855.33
2nd payment$0.00$0.00
Taxes / mo$13.65$13.65
Insurance / mo$166.67$166.67
MI / mo$0.00$112.25
HOA / mo$10.83$10.83
Total monthly$1,923.37$4,158.72
Cash to close$0$62,360