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$789,088$764,910
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$3,945$0
Note rate6.110%7.400%
Blended rate6.110%7.640%
1st payment$4,805.81$5,296.08
2nd payment$0.00$0.00
Taxes / mo$244.76$244.76
Insurance / mo$216.67$216.67
MI / mo$0.00$152.98
HOA / mo$126.67$126.67
Total monthly$5,393.90$6,037.16
Cash to close$60,812$84,990