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$0$8,100
Remaining term (yrs)—30.0
Secondary amount$0$0
Funding fee$0$0
Note rate3.500%7.320%
Blended rate3.500%7.560%
1st payment$0.00$55.64
2nd payment$0.00$0.00
Taxes / mo$6.67$6.67
Insurance / mo$150.00$150.00
MI / mo$0.00$1.62
HOA / mo$0.00$0.00
Total monthly$156.67$213.93
Cash to close$9,000$900