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$694,599$657,000
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$3,473$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$4,314.57$4,548.94
2nd payment$0.00$0.00
Taxes / mo$575.58$575.58
Insurance / mo$216.67$216.67
MI / mo$0.00$131.40
HOA / mo$65.00$65.00
Total monthly$5,171.82$5,537.59
Cash to close$35,401$73,000