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$907,951$881,910
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$4,540$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$5,861.68$6,106.17
2nd payment$0.00$0.00
Taxes / mo$816.58$816.58
Insurance / mo$216.67$216.67
MI / mo$0.00$176.38
HOA / mo$0.00$0.00
Total monthly$6,894.93$7,315.80
Cash to close$71,949$97,990