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$663,404$634,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$3,317$0
Note rate6.570%7.320%
Blended rate6.570%7.560%
1st payment$4,388.57$4,358.57
2nd payment$0.00$0.00
Taxes / mo$53.59$53.59
Insurance / mo$216.67$216.67
MI / mo$0.00$126.90
HOA / mo$227.00$227.00
Total monthly$4,885.83$4,982.73
Cash to close$41,596$70,500