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$720,209$688,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$3,601$0
Note rate6.670%7.400%
Blended rate6.670%7.640%
1st payment$4,773.85$4,767.03
2nd payment$0.00$0.00
Taxes / mo$637.50$637.50
Insurance / mo$216.67$216.67
MI / mo$0.00$137.70
HOA / mo$277.00$277.00
Total monthly$5,905.02$6,035.90
Cash to close$44,791$76,500