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$746,599$719,100
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$3,733$0
Note rate6.910%7.400%
Blended rate6.910%7.640%
1st payment$5,010.45$4,978.90
2nd payment$0.00$0.00
Taxes / mo$511.09$511.09
Insurance / mo$216.67$216.67
MI / mo$0.00$143.82
HOA / mo$0.00$0.00
Total monthly$5,738.20$5,850.47
Cash to close$52,401$79,900