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$936,815$886,500
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$4,684$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$6,036.25$6,137.95
2nd payment$0.00$0.00
Taxes / mo$820.83$820.83
Insurance / mo$216.67$216.67
MI / mo$0.00$177.30
HOA / mo$0.00$0.00
Total monthly$7,073.75$7,352.75
Cash to close$48,185$98,500