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$733,548$706,499
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$3,668$0
Note rate3.000%7.400%
Blended rate3.000%7.640%
1st payment$3,494.25$4,891.66
2nd payment$0.00$0.00
Taxes / mo$500.08$500.08
Insurance / mo$216.67$216.67
MI / mo$0.00$141.30
HOA / mo$90.67$90.67
Total monthly$4,301.67$5,840.38
Cash to close$51,451$78,500