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$143,355$131,400
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$717$0
Note rate2.990%7.400%
Blended rate2.990%7.640%
1st payment$682.13$909.79
2nd payment$0.00$0.00
Taxes / mo$42.83$42.83
Insurance / mo$150.00$150.00
MI / mo$0.00$26.28
HOA / mo$0.00$0.00
Total monthly$874.96$1,128.90
Cash to close$2,645$14,600