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$800,964$765,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$4,005$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$5,433.00$5,296.71
2nd payment$0.00$0.00
Taxes / mo$170.96$170.96
Insurance / mo$216.67$216.67
MI / mo$0.00$153.00
HOA / mo$25.00$25.00
Total monthly$5,845.63$5,862.33
Cash to close$49,036$85,000