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$1,080,960$1,034,099
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$5,405$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$6,889.69$7,159.89
2nd payment$0.00$0.00
Taxes / mo$957.50$957.50
Insurance / mo$216.67$216.67
MI / mo$0.00$206.82
HOA / mo$77.00$77.00
Total monthly$8,140.85$8,617.88
Cash to close$68,039$114,900