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$215,106$215,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,076$0
Note rate6.460%7.320%
Blended rate6.460%7.560%
1st payment$1,384.77$1,483.15
2nd payment$0.00$0.00
Taxes / mo$164.92$164.92
Insurance / mo$150.00$150.00
MI / mo$0.00$43.18
HOA / mo$0.00$0.00
Total monthly$1,699.68$1,841.25
Cash to close$24,794$23,990