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$196,646$207,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$983$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$1,327.19$1,433.23
2nd payment$0.00$0.00
Taxes / mo$191.67$191.67
Insurance / mo$150.00$150.00
MI / mo$0.00$41.40
HOA / mo$0.00$0.00
Total monthly$1,668.86$1,816.29
Cash to close$33,354$23,000