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$230,351$238,500
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,152$0
Note rate6.320%7.400%
Blended rate6.320%7.640%
1st payment$1,488.99$1,651.33
2nd payment$0.00$0.00
Taxes / mo$220.83$220.83
Insurance / mo$150.00$150.00
MI / mo$0.00$47.70
HOA / mo$0.00$0.00
Total monthly$1,859.82$2,069.86
Cash to close$34,649$26,500