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$198,166$189,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$991$0
Note rate6.690%7.320%
Blended rate6.690%7.560%
1st payment$1,324.68$1,298.30
2nd payment$0.00$0.00
Taxes / mo$47.17$47.17
Insurance / mo$150.00$150.00
MI / mo$0.00$37.80
HOA / mo$221.00$221.00
Total monthly$1,742.85$1,754.27
Cash to close$11,834$21,000