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$168,566$146,700
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$843$0
Note rate5.520%7.400%
Blended rate5.520%7.640%
1st payment$1,018.73$1,015.72
2nd payment$0.00$0.00
Taxes / mo$136.42$136.42
Insurance / mo$150.00$150.00
MI / mo$0.00$29.34
HOA / mo$339.00$339.00
Total monthly$1,644.15$1,670.48
Cash to close$0$16,300