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$690,268$674,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$3,451$0
Note rate6.200%7.400%
Blended rate6.200%7.640%
1st payment$4,323.93$4,672.94
2nd payment$0.00$0.00
Taxes / mo$324.33$324.33
Insurance / mo$216.67$216.67
MI / mo$0.00$134.98
HOA / mo$42.00$42.00
Total monthly$4,906.93$5,390.92
Cash to close$59,632$74,990