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$844,491$823,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$4,222$0
Note rate6.840%7.400%
Blended rate6.840%7.640%
1st payment$5,596.76$5,701.75
2nd payment$0.00$0.00
Taxes / mo$570.33$570.33
Insurance / mo$216.67$216.67
MI / mo$0.00$164.70
HOA / mo$170.00$170.00
Total monthly$6,553.76$6,823.45
Cash to close$70,509$91,500