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$711,535$674,910
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$3,558$0
Note rate6.670%7.400%
Blended rate6.670%7.640%
1st payment$4,631.68$4,672.94
2nd payment$0.00$0.00
Taxes / mo$624.92$624.92
Insurance / mo$216.67$216.67
MI / mo$0.00$134.98
HOA / mo$510.00$510.00
Total monthly$5,983.27$6,159.51
Cash to close$38,365$74,990