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$894,318$809,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$4,472$0
Note rate5.700%7.400%
Blended rate5.700%7.640%
1st payment$5,449.96$5,602.04
2nd payment$0.00$0.00
Taxes / mo$1,152.00$1,152.00
Insurance / mo$216.67$216.67
MI / mo$0.00$161.82
HOA / mo$535.33$535.33
Total monthly$7,353.96$7,667.86
Cash to close$4,682$89,900