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$960,000$899,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$4,800$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$2,666.67$6,225.19
2nd payment$0.00$0.00
Taxes / mo$411.75$411.75
Insurance / mo$216.67$216.67
MI / mo$0.00$179.82
HOA / mo$213.00$213.00
Total monthly$3,508.08$7,246.42
Cash to close$39,000$99,900