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$240,069$232,200
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$1,200$0
Note rate3.140%7.400%
Blended rate3.140%7.640%
1st payment$1,148.46$1,607.71
2nd payment$0.00$0.00
Taxes / mo$215.00$215.00
Insurance / mo$150.00$150.00
MI / mo$0.00$46.44
HOA / mo$40.00$40.00
Total monthly$1,553.46$2,059.15
Cash to close$17,931$25,800