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$629,639$575,999
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$3,148$0
Note rate3.92%7.18%
Blended rate3.92%7.42%
1st payment$3,257.69$3,902.02
2nd payment$0.00$0.00
Taxes / mo$286.50$286.50
Insurance / mo$166.67$166.67
MI / mo$0.00$115.20
HOA / mo$492.67$492.67
Total monthly$4,203.53$4,963.06
Cash to close$10,360$64,000