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$770,357$711,000
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$3,852$0
Note rate6.5%7.24%
Blended rate6.5%7.48%
1st payment$4,910.01$4,845.45
2nd payment$0.00$0.00
Taxes / mo$787.25$787.25
Insurance / mo$216.67$216.67
MI / mo$0.00$142.20
HOA / mo$0.00$0.00
Total monthly$5,913.92$5,991.57
Cash to close$19,643$79,000