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$1,241,275$1,169,100
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$6,206$0
Note rate5.000%7.400%
Blended rate5.000%7.640%
1st payment$7,139.19$8,094.61
2nd payment$0.00$0.00
Taxes / mo$1,082.50$1,082.50
Insurance / mo$216.67$216.67
MI / mo$0.00$233.82
HOA / mo$575.00$575.00
Total monthly$9,013.36$10,202.60
Cash to close$57,725$129,900