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$925,311$895,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$4,627$0
Note rate6.910%7.320%
Blended rate6.910%7.560%
1st payment$6,198.07$6,151.46
2nd payment$0.00$0.00
Taxes / mo$719.00$719.00
Insurance / mo$216.67$216.67
MI / mo$0.00$179.10
HOA / mo$0.00$0.00
Total monthly$7,133.74$7,266.23
Cash to close$69,689$99,500