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$210,111$216,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,051$0
Note rate7.020%7.400%
Blended rate7.020%7.640%
1st payment$1,433.46$1,495.54
2nd payment$0.00$0.00
Taxes / mo$200.00$200.00
Insurance / mo$150.00$150.00
MI / mo$0.00$43.20
HOA / mo$0.00$0.00
Total monthly$1,783.46$1,888.74
Cash to close$29,889$24,000