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$644,610$629,910
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$3,223$0
Note rate4.480%7.320%
Blended rate4.480%7.560%
1st payment$3,513.21$4,327.04
2nd payment$0.00$0.00
Taxes / mo$858.10$858.10
Insurance / mo$166.67$166.67
MI / mo$0.00$125.98
HOA / mo$0.00$0.00
Total monthly$4,537.98$5,477.80
Cash to close$55,290$69,990