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$641,101$607,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$3,206$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$4,152.17$4,206.21
2nd payment$0.00$0.00
Taxes / mo$516.33$516.33
Insurance / mo$166.67$166.67
MI / mo$0.00$121.50
HOA / mo$40.00$40.00
Total monthly$4,875.17$5,050.71
Cash to close$33,899$67,500