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$810,069$737,100
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$4,050$0
Note rate3.000%7.400%
Blended rate3.000%7.640%
1st payment$3,766.38$5,103.53
2nd payment$0.00$0.00
Taxes / mo$1,129.33$1,129.33
Insurance / mo$216.67$216.67
MI / mo$0.00$147.42
HOA / mo$403.00$403.00
Total monthly$5,515.38$6,999.95
Cash to close$8,931$81,900