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$723,113$675,000
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$3,616$0
Note rate6.090%7.320%
Blended rate6.090%7.560%
1st payment$4,408.01$4,636.78
2nd payment$0.00$0.00
Taxes / mo$294.79$294.79
Insurance / mo$216.67$216.67
MI / mo$0.00$135.00
HOA / mo$0.00$0.00
Total monthly$4,919.47$5,283.24
Cash to close$26,887$75,000