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$787,649$755,910
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$3,938$0
Note rate6.600%7.320%
Blended rate6.600%7.560%
1st payment$5,126.20$5,192.58
2nd payment$0.00$0.00
Taxes / mo$204.67$204.67
Insurance / mo$216.67$216.67
MI / mo$0.00$151.18
HOA / mo$0.00$0.00
Total monthly$5,547.53$5,765.09
Cash to close$52,251$83,990