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$1,166,528$1,080,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$5,833$0
Note rate3.87%7.24%
Blended rate3.87%7.48%
1st payment$5,991.88$7,360.18
2nd payment$0.00$0.00
Taxes / mo$547.00$547.00
Insurance / mo$216.67$216.67
MI / mo$0.00$216.00
HOA / mo$0.00$0.00
Total monthly$6,755.54$8,339.85
Cash to close$33,472$120,000