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$91,279$89,910
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$456$0
Note rate6.090%7.320%
Blended rate6.090%7.560%
1st payment$565.40$617.62
2nd payment$0.00$0.00
Taxes / mo$123.33$123.33
Insurance / mo$150.00$150.00
MI / mo$0.00$17.98
HOA / mo$0.00$0.00
Total monthly$838.73$908.93
Cash to close$8,621$9,990