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$742,611$684,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$3,713$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$4,790.75$4,735.88
2nd payment$0.00$0.00
Taxes / mo$203.58$203.58
Insurance / mo$216.67$216.67
MI / mo$0.00$136.80
HOA / mo$120.00$120.00
Total monthly$5,331.00$5,412.93
Cash to close$17,389$76,000