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$695,604$675,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,478$0
Note rate6.490%7.320%
Blended rate6.490%7.560%
1st payment$4,491.47$4,636.78
2nd payment$0.00$0.00
Taxes / mo$625.00$625.00
Insurance / mo$216.67$216.67
MI / mo$0.00$135.00
HOA / mo$0.00$0.00
Total monthly$5,333.14$5,613.45
Cash to close$54,396$75,000