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$720,313$657,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,602$0
Note rate6.460%7.320%
Blended rate6.460%7.560%
1st payment$4,637.08$4,513.13
2nd payment$0.00$0.00
Taxes / mo$608.33$608.33
Insurance / mo$216.67$216.67
MI / mo$0.00$131.40
HOA / mo$0.00$0.00
Total monthly$5,462.08$5,469.53
Cash to close$9,687$73,000