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$737,130$719,910
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$3,686$0
Note rate5.700%7.400%
Blended rate5.700%7.640%
1st payment$4,498.10$4,984.51
2nd payment$0.00$0.00
Taxes / mo$798.17$798.17
Insurance / mo$216.67$216.67
MI / mo$0.00$143.98
HOA / mo$169.00$169.00
Total monthly$5,681.94$6,312.33
Cash to close$62,770$79,990