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$740,499$719,910
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$3,702$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$4,604.27$4,984.51
2nd payment$0.00$0.00
Taxes / mo$439.12$439.12
Insurance / mo$216.67$216.67
MI / mo$0.00$143.98
HOA / mo$62.00$62.00
Total monthly$5,322.05$5,846.28
Cash to close$59,401$79,990