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$623,826$584,999
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$3,119$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$4,040.29$4,050.42
2nd payment$0.00$0.00
Taxes / mo$541.67$541.67
Insurance / mo$166.67$166.67
MI / mo$0.00$117.00
HOA / mo$108.00$108.00
Total monthly$4,856.62$4,983.75
Cash to close$26,173$65,000