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$731,290$697,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$3,656$0
Note rate6.600%7.400%
Blended rate6.600%7.640%
1st payment$4,809.10$4,829.35
2nd payment$0.00$0.00
Taxes / mo$814.42$814.42
Insurance / mo$216.67$216.67
MI / mo$0.00$139.50
HOA / mo$0.00$0.00
Total monthly$5,840.18$5,999.93
Cash to close$43,710$77,500