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$1,094,352$989,999
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$5,472$0
Note rate6.310%7.400%
Blended rate6.310%7.640%
1st payment$7,050.18$6,854.55
2nd payment$0.00$0.00
Taxes / mo$916.67$916.67
Insurance / mo$216.67$216.67
MI / mo$0.00$198.00
HOA / mo$0.00$0.00
Total monthly$8,183.52$8,185.89
Cash to close$5,647$110,000