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$793,318$719,910
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$3,967$0
Note rate6.160%7.320%
Blended rate6.160%7.560%
1st payment$4,866.81$4,945.28
2nd payment$0.00$0.00
Taxes / mo$666.58$666.58
Insurance / mo$216.67$216.67
MI / mo$0.00$143.98
HOA / mo$422.00$422.00
Total monthly$6,172.06$6,394.51
Cash to close$6,582$79,990