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$114,551$116,910
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$573$0
Note rate3.850%7.400%
Blended rate3.850%7.640%
1st payment$586.01$809.46
2nd payment$0.00$0.00
Taxes / mo$108.25$108.25
Insurance / mo$150.00$150.00
MI / mo$0.00$23.38
HOA / mo$0.00$0.00
Total monthly$844.26$1,091.09
Cash to close$15,349$12,990