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$692,704$674,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$3,464$0
Note rate5.625%7.400%
Blended rate5.625%7.640%
1st payment$4,059.53$4,672.94
2nd payment$0.00$0.00
Taxes / mo$190.75$190.75
Insurance / mo$216.67$216.67
MI / mo$0.00$134.98
HOA / mo$0.00$0.00
Total monthly$4,466.95$5,215.34
Cash to close$57,196$74,990