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$34,784$49,500
Remaining term (yrs)11.730.0
Secondary amount$0$0
Funding fee$174$0
Note rate6.240%7.400%
Blended rate6.240%7.640%
1st payment$347.04$342.73
2nd payment$0.00$0.00
Taxes / mo$49.33$49.33
Insurance / mo$150.00$150.00
MI / mo$0.00$9.90
HOA / mo$0.00$0.00
Total monthly$546.37$551.96
Cash to close$20,216$5,500