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$718,269$692,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$3,591$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$4,877.08$4,791.96
2nd payment$0.00$0.00
Taxes / mo$640.83$640.83
Insurance / mo$216.67$216.67
MI / mo$0.00$138.42
HOA / mo$138.00$138.00
Total monthly$5,872.58$5,925.88
Cash to close$50,731$76,900