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$666,388$625,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$3,332$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$4,442.60$4,330.84
2nd payment$0.00$0.00
Taxes / mo$133.25$133.25
Insurance / mo$166.67$166.67
MI / mo$0.00$125.10
HOA / mo$503.00$503.00
Total monthly$5,245.52$5,258.85
Cash to close$28,612$69,500