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$907,106$863,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$4,536$0
Note rate5.700%7.240%
Blended rate5.700%7.480%
1st payment$5,542.82$5,882.01
2nd payment$0.00$0.00
Taxes / mo$799.17$799.17
Insurance / mo$216.67$216.67
MI / mo$0.00$172.62
HOA / mo$0.00$0.00
Total monthly$6,558.66$7,070.46
Cash to close$51,894$95,900