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$713,992$657,000
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$3,570$0
Note rate6.375%7.400%
Blended rate6.375%7.640%
1st payment$4,607.87$4,548.94
2nd payment$0.00$0.00
Taxes / mo$560.08$560.08
Insurance / mo$216.67$216.67
MI / mo$0.00$131.40
HOA / mo$83.33$83.33
Total monthly$5,467.95$5,540.42
Cash to close$16,008$73,000