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$654,055$611,100
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$3,270$0
Note rate3.450%7.400%
Blended rate3.450%7.640%
1st payment$3,216.63$4,231.13
2nd payment$0.00$0.00
Taxes / mo$565.83$565.83
Insurance / mo$166.67$166.67
MI / mo$0.00$122.22
HOA / mo$570.00$570.00
Total monthly$4,519.13$5,655.85
Cash to close$24,945$67,900