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$875,650$809,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$4,378$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$5,591.84$5,602.04
2nd payment$0.00$0.00
Taxes / mo$749.17$749.17
Insurance / mo$216.67$216.67
MI / mo$0.00$161.82
HOA / mo$0.00$0.00
Total monthly$6,557.68$6,729.70
Cash to close$23,350$89,900