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$684,801$661,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,424$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$4,457.06$4,580.09
2nd payment$0.00$0.00
Taxes / mo$387.67$387.67
Insurance / mo$216.67$216.67
MI / mo$0.00$132.30
HOA / mo$20.83$20.83
Total monthly$5,082.22$5,337.56
Cash to close$50,199$73,500