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$619,244$607,499
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$3,096$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$4,188.07$4,206.20
2nd payment$0.00$0.00
Taxes / mo$562.50$562.50
Insurance / mo$166.67$166.67
MI / mo$0.00$121.50
HOA / mo$104.00$104.00
Total monthly$5,021.24$5,160.87
Cash to close$55,755$67,500