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$936,918$877,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$4,685$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$6,079.81$6,075.63
2nd payment$0.00$0.00
Taxes / mo$749.83$749.83
Insurance / mo$216.67$216.67
MI / mo$0.00$175.50
HOA / mo$64.58$64.58
Total monthly$7,110.89$7,282.21
Cash to close$38,082$97,500