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$707,976$665,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$3,540$0
Note rate6.320%7.400%
Blended rate6.320%7.640%
1st payment$4,587.36$4,605.02
2nd payment$0.00$0.00
Taxes / mo$615.83$615.83
Insurance / mo$216.67$216.67
MI / mo$0.00$133.02
HOA / mo$0.00$0.00
Total monthly$5,419.86$5,570.54
Cash to close$31,024$73,900