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$662,143$593,910
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$3,311$0
Note rate6.370%7.400%
Blended rate6.370%7.640%
1st payment$4,140.32$4,112.11
2nd payment$0.00$0.00
Taxes / mo$737.83$737.83
Insurance / mo$166.67$166.67
MI / mo$0.00$118.78
HOA / mo$369.00$369.00
Total monthly$5,413.82$5,504.39
Cash to close$0$65,990