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$203,504$206,100
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,018$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$1,343.53$1,426.99
2nd payment$0.00$0.00
Taxes / mo$239.30$239.30
Insurance / mo$150.00$150.00
MI / mo$0.00$41.22
HOA / mo$185.00$185.00
Total monthly$1,917.83$2,042.51
Cash to close$25,496$22,900