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$155,425$167,850
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$777$0
Note rate7.080%7.400%
Blended rate7.080%7.640%
1st payment$1,087.48$1,162.16
2nd payment$0.00$0.00
Taxes / mo$155.42$155.42
Insurance / mo$150.00$150.00
MI / mo$0.00$33.57
HOA / mo$0.00$0.00
Total monthly$1,392.90$1,501.15
Cash to close$31,075$18,650