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$883,181$837,000
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$4,416$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$5,634.50$5,795.22
2nd payment$0.00$0.00
Taxes / mo$775.00$775.00
Insurance / mo$216.67$216.67
MI / mo$0.00$167.40
HOA / mo$0.00$0.00
Total monthly$6,626.17$6,954.29
Cash to close$46,819$93,000