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$678,719$661,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$3,394$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$4,594.77$4,580.09
2nd payment$0.00$0.00
Taxes / mo$612.50$612.50
Insurance / mo$216.67$216.67
MI / mo$0.00$132.30
HOA / mo$0.00$0.00
Total monthly$5,423.93$5,541.56
Cash to close$56,281$73,500