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$674,857$449,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,374$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,874.60$3,109.48
2nd payment$0.00$0.00
Taxes / mo$415.83$415.83
Insurance / mo$166.67$166.67
MI / mo$0.00$89.82
HOA / mo$950.00$950.00
Total monthly$3,407.10$4,731.80
Cash to close$0$49,900