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$740,138$706,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$3,701$0
Note rate5.25%7.24%
Blended rate5.25%7.48%
1st payment$4,320.99$4,814.78
2nd payment$0.00$0.00
Taxes / mo$327.08$327.08
Insurance / mo$216.67$216.67
MI / mo$0.00$141.30
HOA / mo$80.00$80.00
Total monthly$4,944.74$5,579.83
Cash to close$44,862$78,500