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$829,189$787,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$4,146$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$5,546.58$5,452.49
2nd payment$0.00$0.00
Taxes / mo$396.53$396.53
Insurance / mo$216.67$216.67
MI / mo$0.00$157.50
HOA / mo$22.92$22.92
Total monthly$6,182.69$6,246.10
Cash to close$45,811$87,500