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$2,451,623$2,339,100
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$12,258$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$16,115.37$16,195.46
2nd payment$0.00$0.00
Taxes / mo$2,165.83$2,165.83
Insurance / mo$216.67$216.67
MI / mo$0.00$467.82
HOA / mo$0.00$0.00
Total monthly$18,497.87$19,045.78
Cash to close$147,377$259,900