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$689,577$675,000
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$3,448$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$4,570.43$4,673.56
2nd payment$0.00$0.00
Taxes / mo$386.50$386.50
Insurance / mo$216.67$216.67
MI / mo$0.00$135.00
HOA / mo$0.00$0.00
Total monthly$5,173.60$5,411.73
Cash to close$60,423$75,000