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$1,675,057$1,394,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$8,375$0
Note rate4.750%7.400%
Blended rate4.750%7.640%
1st payment$9,389.65$9,652.47
2nd payment$0.00$0.00
Taxes / mo$1,290.83$1,290.83
Insurance / mo$216.67$216.67
MI / mo$0.00$278.82
HOA / mo$260.00$260.00
Total monthly$11,157.15$11,698.79
Cash to close$0$154,900