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$693,629$661,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$3,468$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$4,641.91$4,580.09
2nd payment$0.00$0.00
Taxes / mo$532.58$532.58
Insurance / mo$216.67$216.67
MI / mo$0.00$132.30
HOA / mo$125.00$125.00
Total monthly$5,516.16$5,586.64
Cash to close$41,371$73,500