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$756,243$715,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$3,781$0
Note rate6.810%7.320%
Blended rate6.810%7.560%
1st payment$4,992.32$4,914.99
2nd payment$0.00$0.00
Taxes / mo$662.50$662.50
Insurance / mo$216.67$216.67
MI / mo$0.00$143.10
HOA / mo$0.00$0.00
Total monthly$5,871.49$5,937.26
Cash to close$38,757$79,500