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$108,943$98,910
Remaining term (yrs)24.330.0
Secondary amount$0$0
Funding fee$545$0
Note rate2.810%7.320%
Blended rate2.810%7.560%
1st payment$514.27$679.44
2nd payment$0.00$0.00
Taxes / mo$276.92$276.92
Insurance / mo$150.00$150.00
MI / mo$0.00$19.78
HOA / mo$608.00$608.00
Total monthly$1,549.19$1,734.15
Cash to close$957$10,990