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$688,575$643,500
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$3,443$0
Note rate6.270%7.320%
Blended rate6.270%7.560%
1st payment$4,397.92$4,420.40
2nd payment$0.00$0.00
Taxes / mo$294.17$294.17
Insurance / mo$216.67$216.67
MI / mo$0.00$128.70
HOA / mo$180.00$180.00
Total monthly$5,088.76$5,239.93
Cash to close$26,425$71,500