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$1,168,751$1,080,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$5,844$0
Note rate3.870%7.320%
Blended rate3.870%7.560%
1st payment$5,991.88$7,418.85
2nd payment$0.00$0.00
Taxes / mo$547.00$547.00
Insurance / mo$216.67$216.67
MI / mo$0.00$216.00
HOA / mo$0.00$0.00
Total monthly$6,755.54$8,398.52
Cash to close$31,249$120,000