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$795,530$764,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$3,978$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$5,348.98$5,290.47
2nd payment$0.00$0.00
Taxes / mo$707.50$707.50
Insurance / mo$216.67$216.67
MI / mo$0.00$152.82
HOA / mo$0.00$0.00
Total monthly$6,273.15$6,367.46
Cash to close$53,470$84,900