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$168,601$148,500
Remaining term (yrs)24.130.0
Secondary amount$0$0
Funding fee$843$0
Note rate2.810%7.400%
Blended rate2.810%7.640%
1st payment$799.69$1,028.18
2nd payment$0.00$0.00
Taxes / mo$288.25$288.25
Insurance / mo$150.00$150.00
MI / mo$0.00$29.70
HOA / mo$0.00$0.00
Total monthly$1,237.94$1,496.13
Cash to close$0$16,500