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$618,789$584,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$3,094$0
Note rate4.990%7.400%
Blended rate4.990%7.640%
1st payment$3,549.71$4,044.19
2nd payment$0.00$0.00
Taxes / mo$724.50$724.50
Insurance / mo$166.67$166.67
MI / mo$0.00$116.82
HOA / mo$260.00$260.00
Total monthly$4,700.88$5,312.18
Cash to close$30,211$64,900