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$621,600$539,910
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$3,108$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,726.67$3,738.23
2nd payment$0.00$0.00
Taxes / mo$349.17$349.17
Insurance / mo$166.67$166.67
MI / mo$0.00$107.98
HOA / mo$0.00$0.00
Total monthly$2,242.50$4,362.04
Cash to close$0$59,990