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$694,869$661,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$3,474$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$3,585.87$4,580.09
2nd payment$0.00$0.00
Taxes / mo$220.67$220.67
Insurance / mo$216.67$216.67
MI / mo$0.00$132.30
HOA / mo$70.00$70.00
Total monthly$4,093.20$5,219.73
Cash to close$40,131$73,500