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$872,134$810,000
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$4,361$0
Note rate6.580%7.400%
Blended rate6.580%7.640%
1st payment$5,614.95$5,608.28
2nd payment$0.00$0.00
Taxes / mo$750.00$750.00
Insurance / mo$216.67$216.67
MI / mo$0.00$162.00
HOA / mo$0.00$0.00
Total monthly$6,581.62$6,736.94
Cash to close$27,866$90,000