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$1,654,116$1,429,200
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$8,271$0
Note rate5.700%7.400%
Blended rate5.700%7.640%
1st payment$10,093.73$9,895.49
2nd payment$0.00$0.00
Taxes / mo$1,323.33$1,323.33
Insurance / mo$216.67$216.67
MI / mo$0.00$285.84
HOA / mo$0.00$0.00
Total monthly$11,633.73$11,721.33
Cash to close$0$158,800