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$743,257$706,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$3,716$0
Note rate5.7%7.24%
Blended rate5.7%7.48%
1st payment$4,541.63$4,814.78
2nd payment$0.00$0.00
Taxes / mo$489.83$489.83
Insurance / mo$216.67$216.67
MI / mo$0.00$141.30
HOA / mo$70.00$70.00
Total monthly$5,318.13$5,732.58
Cash to close$41,743$78,500