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$670,457$629,100
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$3,352$0
Note rate4.920%7.400%
Blended rate4.920%7.640%
1st payment$3,812.53$4,355.76
2nd payment$0.00$0.00
Taxes / mo$582.50$582.50
Insurance / mo$166.67$166.67
MI / mo$0.00$125.82
HOA / mo$130.00$130.00
Total monthly$4,691.69$5,360.75
Cash to close$28,543$69,900