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$137,158$139,410
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$686$0
Note rate5.000%7.400%
Blended rate5.000%7.640%
1st payment$790.12$965.25
2nd payment$0.00$0.00
Taxes / mo$134.00$134.00
Insurance / mo$150.00$150.00
MI / mo$0.00$27.88
HOA / mo$0.00$0.00
Total monthly$1,074.12$1,277.13
Cash to close$17,742$15,490