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$769,372$719,999
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$3,847$0
Note rate6.060%7.400%
Blended rate6.060%7.640%
1st payment$4,670.42$4,985.13
2nd payment$0.00$0.00
Taxes / mo$666.67$666.67
Insurance / mo$216.67$216.67
MI / mo$0.00$144.00
HOA / mo$50.00$50.00
Total monthly$5,603.75$6,062.46
Cash to close$30,627$80,000