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$704,242$674,100
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$3,521$0
Note rate4.990%7.400%
Blended rate4.990%7.640%
1st payment$4,059.22$4,667.33
2nd payment$0.00$0.00
Taxes / mo$624.17$624.17
Insurance / mo$216.67$216.67
MI / mo$0.00$134.82
HOA / mo$610.00$610.00
Total monthly$5,510.06$6,252.99
Cash to close$44,758$74,900