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$771,090$711,000
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$3,855$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$4,910.01$4,922.82
2nd payment$0.00$0.00
Taxes / mo$787.25$787.25
Insurance / mo$216.67$216.67
MI / mo$0.00$142.20
HOA / mo$0.00$0.00
Total monthly$5,913.92$6,068.94
Cash to close$18,910$79,000