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$226,872$166,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,134$0
Note rate0.000%7.320%
Blended rate0.000%7.560%
1st payment$630.20$1,143.74
2nd payment$0.00$0.00
Taxes / mo$19.75$19.75
Insurance / mo$150.00$150.00
MI / mo$0.00$33.30
HOA / mo$0.00$0.00
Total monthly$799.95$1,346.79
Cash to close$0$18,500