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$906,620$832,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$4,533$0
Note rate6.560%7.400%
Blended rate6.560%7.640%
1st payment$5,819.57$5,764.06
2nd payment$0.00$0.00
Taxes / mo$770.83$770.83
Insurance / mo$216.67$216.67
MI / mo$0.00$166.50
HOA / mo$0.00$0.00
Total monthly$6,807.07$6,918.06
Cash to close$18,380$92,500