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$167,150$179,100
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$836$0
Note rate6.890%7.320%
Blended rate6.890%7.560%
1st payment$1,118.48$1,230.29
2nd payment$0.00$0.00
Taxes / mo$331.34$331.34
Insurance / mo$150.00$150.00
MI / mo$0.00$35.82
HOA / mo$0.00$0.00
Total monthly$1,599.83$1,747.46
Cash to close$31,850$19,900