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$737,650$719,100
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$3,688$0
Note rate4.480%7.400%
Blended rate4.480%7.640%
1st payment$4,027.20$4,978.90
2nd payment$0.00$0.00
Taxes / mo$320.67$320.67
Insurance / mo$216.67$216.67
MI / mo$0.00$143.82
HOA / mo$0.00$0.00
Total monthly$4,564.54$5,660.06
Cash to close$61,350$79,900