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$650,735$608,220
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$3,254$0
Note rate4.25%7.18%
Blended rate4.25%7.42%
1st payment$3,320.59$4,120.29
2nd payment$0.00$0.00
Taxes / mo$193.67$193.67
Insurance / mo$166.67$166.67
MI / mo$0.00$121.64
HOA / mo$90.00$90.00
Total monthly$3,770.93$4,692.27
Cash to close$25,065$67,580