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$708,735$661,500
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$3,544$0
Note rate6.43%7.18%
Blended rate6.43%7.42%
1st payment$4,455.30$4,481.23
2nd payment$0.00$0.00
Taxes / mo$110.58$110.58
Insurance / mo$216.67$216.67
MI / mo$0.00$132.30
HOA / mo$0.00$0.00
Total monthly$4,782.55$4,940.78
Cash to close$26,265$73,500