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$616,798$598,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$3,084$0
Note rate6.600%7.400%
Blended rate6.600%7.640%
1st payment$4,056.18$4,143.89
2nd payment$0.00$0.00
Taxes / mo$612.75$612.75
Insurance / mo$166.67$166.67
MI / mo$0.00$119.70
HOA / mo$84.00$84.00
Total monthly$4,919.60$5,127.01
Cash to close$48,202$66,500