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$160,382$139,500
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$802$0
Note rate3.000%7.320%
Blended rate3.000%7.560%
1st payment$769.22$958.27
2nd payment$0.00$0.00
Taxes / mo$130.75$130.75
Insurance / mo$150.00$150.00
MI / mo$0.00$27.90
HOA / mo$692.00$692.00
Total monthly$1,741.97$1,958.92
Cash to close$0$15,500