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$625,980$611,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$3,130$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$4,127.40$4,236.74
2nd payment$0.00$0.00
Taxes / mo$64.42$64.42
Insurance / mo$166.67$166.67
MI / mo$0.00$122.38
HOA / mo$178.33$178.33
Total monthly$4,536.82$4,768.54
Cash to close$53,920$67,990