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$676,553$641,250
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$3,383$0
Note rate3.21%7.18%
Blended rate3.21%7.42%
1st payment$3,247.60$4,344.05
2nd payment$0.00$0.00
Taxes / mo$256.00$256.00
Insurance / mo$216.67$216.67
MI / mo$0.00$128.25
HOA / mo$124.00$124.00
Total monthly$3,844.27$5,068.97
Cash to close$35,947$71,250