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$745,647$684,000
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$3,728$0
Note rate6.510%7.400%
Blended rate6.510%7.640%
1st payment$4,726.46$4,735.88
2nd payment$0.00$0.00
Taxes / mo$633.33$633.33
Insurance / mo$216.67$216.67
MI / mo$0.00$136.80
HOA / mo$0.00$0.00
Total monthly$5,576.46$5,722.68
Cash to close$14,353$76,000