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$1,218,489$1,170,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$6,092$0
Note rate4.480%7.400%
Blended rate4.480%7.640%
1st payment$6,652.35$8,100.84
2nd payment$0.00$0.00
Taxes / mo$702.00$702.00
Insurance / mo$216.67$216.67
MI / mo$0.00$234.00
HOA / mo$86.00$86.00
Total monthly$7,657.02$9,339.51
Cash to close$81,511$130,000