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$199,662$198,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$998$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$1,315.59$1,370.91
2nd payment$0.00$0.00
Taxes / mo$212.25$212.25
Insurance / mo$150.00$150.00
MI / mo$0.00$39.60
HOA / mo$0.00$0.00
Total monthly$1,677.84$1,772.76
Cash to close$20,338$22,000