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$216,417$214,200
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,082$0
Note rate6.670%7.320%
Blended rate6.670%7.560%
1st payment$1,412.80$1,471.41
2nd payment$0.00$0.00
Taxes / mo$198.33$198.33
Insurance / mo$150.00$150.00
MI / mo$0.00$42.84
HOA / mo$0.00$0.00
Total monthly$1,761.14$1,862.58
Cash to close$21,583$23,800