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$668,213$602,100
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$3,341$0
Note rate6.110%7.400%
Blended rate6.110%7.640%
1st payment$4,081.93$4,168.82
2nd payment$0.00$0.00
Taxes / mo$386.75$386.75
Insurance / mo$166.67$166.67
MI / mo$0.00$120.42
HOA / mo$31.67$31.67
Total monthly$4,667.02$4,874.33
Cash to close$787$66,900