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$811,561$787,499
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$4,058$0
Note rate6.670%7.320%
Blended rate6.670%7.560%
1st payment$5,282.79$5,409.57
2nd payment$0.00$0.00
Taxes / mo$729.17$729.17
Insurance / mo$216.67$216.67
MI / mo$0.00$157.50
HOA / mo$436.00$436.00
Total monthly$6,664.62$6,948.90
Cash to close$63,438$87,500