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$719,627$689,400
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,598$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$4,763.92$4,773.27
2nd payment$0.00$0.00
Taxes / mo$133.74$133.74
Insurance / mo$216.67$216.67
MI / mo$0.00$137.88
HOA / mo$0.00$0.00
Total monthly$5,114.32$5,261.55
Cash to close$46,373$76,600