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$709,512$679,500
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$3,548$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$4,761.37$4,704.72
2nd payment$0.00$0.00
Taxes / mo$293.50$293.50
Insurance / mo$216.67$216.67
MI / mo$0.00$135.90
HOA / mo$45.00$45.00
Total monthly$5,316.54$5,395.79
Cash to close$45,488$75,500