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$167,539$179,100
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$838$0
Note rate2.860%7.320%
Blended rate2.860%7.560%
1st payment$780.56$1,230.29
2nd payment$0.00$0.00
Taxes / mo$135.83$135.83
Insurance / mo$150.00$150.00
MI / mo$0.00$35.82
HOA / mo$455.00$455.00
Total monthly$1,521.40$2,006.95
Cash to close$31,461$19,900