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$84,820$85,500
Remaining term (yrs)21.830.0
Secondary amount$0$0
Funding fee$424$0
Note rate4.590%7.320%
Blended rate4.590%7.560%
1st payment$512.05$587.33
2nd payment$0.00$0.00
Taxes / mo$67.67$67.67
Insurance / mo$150.00$150.00
MI / mo$0.00$17.10
HOA / mo$0.00$0.00
Total monthly$729.71$822.09
Cash to close$10,180$9,500