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$1,849,673$1,664,100
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$9,248$0
Note rate5.560%7.400%
Blended rate5.560%7.640%
1st payment$11,191.36$11,521.89
2nd payment$0.00$0.00
Taxes / mo$1,589.58$1,589.58
Insurance / mo$216.67$216.67
MI / mo$0.00$332.82
HOA / mo$92.00$92.00
Total monthly$13,089.61$13,752.96
Cash to close$0$184,900