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$663,407$639,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,317$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$4,408.55$4,424.31
2nd payment$0.00$0.00
Taxes / mo$591.67$591.67
Insurance / mo$216.67$216.67
MI / mo$0.00$127.80
HOA / mo$720.00$720.00
Total monthly$5,936.88$6,080.44
Cash to close$46,593$71,000