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$916,150$720,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$4,581$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$2,544.86$4,985.13
2nd payment$0.00$0.00
Taxes / mo$703.58$703.58
Insurance / mo$216.67$216.67
MI / mo$0.00$144.00
HOA / mo$97.00$97.00
Total monthly$3,562.11$6,146.38
Cash to close$0$80,000