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$771,817$729,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$3,859$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$4,848.55$5,047.45
2nd payment$0.00$0.00
Taxes / mo$675.00$675.00
Insurance / mo$216.67$216.67
MI / mo$0.00$145.80
HOA / mo$0.00$0.00
Total monthly$5,740.22$6,084.92
Cash to close$38,183$81,000