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$190,956$179,100
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$955$0
Note rate6.190%7.320%
Blended rate6.190%7.560%
1st payment$1,178.70$1,230.29
2nd payment$0.00$0.00
Taxes / mo$121.83$121.83
Insurance / mo$150.00$150.00
MI / mo$0.00$35.82
HOA / mo$50.00$50.00
Total monthly$1,500.54$1,587.95
Cash to close$8,044$19,900