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$944,472$899,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$4,722$0
Note rate6.730%7.400%
Blended rate6.730%7.640%
1st payment$6,251.68$6,225.19
2nd payment$0.00$0.00
Taxes / mo$536.61$536.61
Insurance / mo$216.67$216.67
MI / mo$0.00$179.82
HOA / mo$83.33$83.33
Total monthly$7,088.29$7,241.62
Cash to close$54,528$99,900