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$665,682$629,999
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$3,328$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$4,480.96$4,361.99
2nd payment$0.00$0.00
Taxes / mo$345.25$345.25
Insurance / mo$166.67$166.67
MI / mo$0.00$126.00
HOA / mo$85.00$85.00
Total monthly$5,077.87$5,084.90
Cash to close$34,317$70,000