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$219,391$211,410
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,097$0
Note rate6.360%7.320%
Blended rate6.360%7.560%
1st payment$1,430.55$1,452.24
2nd payment$0.00$0.00
Taxes / mo$80.08$80.08
Insurance / mo$150.00$150.00
MI / mo$0.00$42.28
HOA / mo$195.00$195.00
Total monthly$1,855.63$1,919.61
Cash to close$15,509$23,490