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$683,400$629,100
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$3,417$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,898.33$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$300.00$300.00
Total monthly$2,947.50$5,530.75
Cash to close$15,600$69,900