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$180,503$171,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$903$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$1,213.99$1,183.97
2nd payment$0.00$0.00
Taxes / mo$421.08$421.08
Insurance / mo$150.00$150.00
MI / mo$0.00$34.20
HOA / mo$0.00$0.00
Total monthly$1,785.07$1,789.25
Cash to close$9,497$19,000