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$704,450$571,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$3,522$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$1,956.81$3,956.95
2nd payment$0.00$0.00
Taxes / mo$295.29$295.29
Insurance / mo$166.67$166.67
MI / mo$0.00$114.30
HOA / mo$40.00$40.00
Total monthly$2,458.76$4,573.20
Cash to close$0$63,500