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$627,530$598,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$3,138$0
Note rate5.840%7.400%
Blended rate5.840%7.640%
1st payment$3,888.43$4,143.89
2nd payment$0.00$0.00
Taxes / mo$554.17$554.17
Insurance / mo$166.67$166.67
MI / mo$0.00$119.70
HOA / mo$0.00$0.00
Total monthly$4,609.26$4,984.43
Cash to close$37,470$66,500