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$206,363$206,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,032$0
Note rate6.770%7.320%
Blended rate6.770%7.560%
1st payment$1,371.35$1,415.76
2nd payment$0.00$0.00
Taxes / mo$303.00$303.00
Insurance / mo$150.00$150.00
MI / mo$0.00$41.22
HOA / mo$0.00$0.00
Total monthly$1,824.35$1,909.98
Cash to close$22,637$22,900