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$772,551$697,410
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$3,863$0
Note rate6.340%7.320%
Blended rate6.340%7.560%
1st payment$4,848.34$4,790.72
2nd payment$0.00$0.00
Taxes / mo$193.50$193.50
Insurance / mo$216.67$216.67
MI / mo$0.00$139.48
HOA / mo$10.83$10.83
Total monthly$5,269.34$5,351.20
Cash to close$2,349$77,490