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$751,491$643,500
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$3,757$0
Note rate2.770%7.400%
Blended rate2.770%7.640%
1st payment$3,458.45$4,455.46
2nd payment$0.00$0.00
Taxes / mo$491.92$491.92
Insurance / mo$216.67$216.67
MI / mo$0.00$128.70
HOA / mo$0.00$0.00
Total monthly$4,167.04$5,292.75
Cash to close$0$71,500