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$1,493,967$1,394,100
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$7,470$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$9,823.01$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$893.00$893.00
Total monthly$12,223.51$12,331.79
Cash to close$55,033$154,900