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$668,158$652,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$3,341$0
Note rate3.560%7.320%
Blended rate3.560%7.560%
1st payment$3,325.58$4,482.22
2nd payment$0.00$0.00
Taxes / mo$408.67$408.67
Insurance / mo$216.67$216.67
MI / mo$0.00$130.50
HOA / mo$62.00$62.00
Total monthly$4,012.92$5,300.06
Cash to close$56,842$72,500