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$723,102$697,500
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,616$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$4,711.07$4,829.35
2nd payment$0.00$0.00
Taxes / mo$645.83$645.83
Insurance / mo$216.67$216.67
MI / mo$0.00$139.50
HOA / mo$0.00$0.00
Total monthly$5,573.57$5,831.35
Cash to close$51,898$77,500