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$877,564$832,410
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$4,388$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$5,844.93$5,763.44
2nd payment$0.00$0.00
Taxes / mo$583.00$583.00
Insurance / mo$216.67$216.67
MI / mo$0.00$166.48
HOA / mo$29.17$29.17
Total monthly$6,673.77$6,758.76
Cash to close$47,336$92,490