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$888,874$863,910
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$4,444$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$5,873.32$5,981.54
2nd payment$0.00$0.00
Taxes / mo$799.92$799.92
Insurance / mo$216.67$216.67
MI / mo$0.00$172.78
HOA / mo$0.00$0.00
Total monthly$6,889.91$7,170.90
Cash to close$71,026$95,990