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$161,039$175,500
Remaining term (yrs)24.330.0
Secondary amount$0$0
Funding fee$805$0
Note rate2.710%7.400%
Blended rate2.710%7.640%
1st payment$751.97$1,215.13
2nd payment$0.00$0.00
Taxes / mo$108.92$108.92
Insurance / mo$150.00$150.00
MI / mo$0.00$35.10
HOA / mo$517.00$517.00
Total monthly$1,527.89$2,026.14
Cash to close$33,961$19,500