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$83,736$79,650
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$419$0
Note rate5.000%7.320%
Blended rate5.000%7.560%
1st payment$483.14$547.14
2nd payment$0.00$0.00
Taxes / mo$137.43$137.43
Insurance / mo$150.00$150.00
MI / mo$0.00$15.93
HOA / mo$46.00$46.00
Total monthly$816.57$896.50
Cash to close$4,764$8,850