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$775,936$747,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$3,880$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$4,989.48$5,172.08
2nd payment$0.00$0.00
Taxes / mo$232.33$232.33
Insurance / mo$216.67$216.67
MI / mo$0.00$149.40
HOA / mo$133.00$133.00
Total monthly$5,571.48$5,903.48
Cash to close$54,064$83,000