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$129,290$143,910
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$646$0
Note rate2.980%7.400%
Blended rate2.980%7.640%
1st payment$603.69$996.40
2nd payment$0.00$0.00
Taxes / mo$116.67$116.67
Insurance / mo$150.00$150.00
MI / mo$0.00$28.78
HOA / mo$387.00$387.00
Total monthly$1,257.36$1,678.85
Cash to close$30,610$15,990