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$607,007$583,200
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$3,035$0
Note rate6.220%7.400%
Blended rate6.220%7.640%
1st payment$3,762.36$4,037.96
2nd payment$0.00$0.00
Taxes / mo$342.58$342.58
Insurance / mo$166.67$166.67
MI / mo$0.00$116.64
HOA / mo$146.00$146.00
Total monthly$4,417.61$4,809.85
Cash to close$40,993$64,800