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$222,907$224,100
Remaining term (yrs)23.630.0
Secondary amount$0$0
Funding fee$1,115$0
Note rate3.310%7.400%
Blended rate3.310%7.640%
1st payment$1,130.45$1,551.62
2nd payment$0.00$0.00
Taxes / mo$135.75$135.75
Insurance / mo$150.00$150.00
MI / mo$0.00$44.82
HOA / mo$425.00$425.00
Total monthly$1,841.20$2,307.19
Cash to close$26,093$24,900