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$210,840$203,310
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,054$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$1,385.92$1,407.68
2nd payment$0.00$0.00
Taxes / mo$204.00$204.00
Insurance / mo$150.00$150.00
MI / mo$0.00$40.66
HOA / mo$0.00$0.00
Total monthly$1,739.92$1,802.34
Cash to close$15,060$22,590