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$924,570$877,500
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$4,623$0
Note rate6.500%7.240%
Blended rate6.500%7.480%
1st payment$5,881.74$5,980.15
2nd payment$0.00$0.00
Taxes / mo$222.17$222.17
Insurance / mo$216.67$216.67
MI / mo$0.00$175.50
HOA / mo$119.00$119.00
Total monthly$6,439.57$6,713.48
Cash to close$50,430$97,500