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$789,590$719,100
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$3,948$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$5,027.80$4,978.90
2nd payment$0.00$0.00
Taxes / mo$688.33$688.33
Insurance / mo$216.67$216.67
MI / mo$0.00$143.82
HOA / mo$12.67$12.67
Total monthly$5,945.47$6,040.39
Cash to close$9,410$79,900