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$237,548$238,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,188$0
Note rate7.230%7.320%
Blended rate7.230%7.560%
1st payment$1,668.01$1,638.33
2nd payment$0.00$0.00
Taxes / mo$108.00$108.00
Insurance / mo$150.00$150.00
MI / mo$0.00$47.70
HOA / mo$0.00$0.00
Total monthly$1,926.01$1,944.03
Cash to close$27,452$26,500