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$737,375$719,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$3,687$0
Note rate6.280%7.400%
Blended rate6.280%7.640%
1st payment$4,753.49$4,984.51
2nd payment$0.00$0.00
Taxes / mo$273.25$273.25
Insurance / mo$216.67$216.67
MI / mo$0.00$143.98
HOA / mo$0.00$0.00
Total monthly$5,243.41$5,618.41
Cash to close$62,525$79,990