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$189,350$193,500
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$947$0
Note rate7.100%7.320%
Blended rate7.100%7.560%
1st payment$1,304.31$1,329.21
2nd payment$0.00$0.00
Taxes / mo$179.17$179.17
Insurance / mo$150.00$150.00
MI / mo$0.00$38.70
HOA / mo$0.00$0.00
Total monthly$1,633.48$1,697.08
Cash to close$25,650$21,500