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$215,097$224,910
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,075$0
Note rate6.330%7.320%
Blended rate6.330%7.560%
1st payment$1,400.20$1,544.98
2nd payment$0.00$0.00
Taxes / mo$179.08$179.08
Insurance / mo$150.00$150.00
MI / mo$0.00$44.98
HOA / mo$0.00$0.00
Total monthly$1,729.28$1,919.04
Cash to close$34,803$24,990