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$611,720$583,650
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,059$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$4,137.17$4,041.07
2nd payment$0.00$0.00
Taxes / mo$299.67$299.67
Insurance / mo$166.67$166.67
MI / mo$0.00$116.73
HOA / mo$0.00$0.00
Total monthly$4,603.51$4,624.14
Cash to close$36,780$64,850