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$108,679$85,500
Remaining term (yrs)23.430.0
Secondary amount$0$0
Funding fee$543$0
Note rate3.470%7.320%
Blended rate3.470%7.560%
1st payment$562.88$587.33
2nd payment$0.00$0.00
Taxes / mo$12.08$12.08
Insurance / mo$150.00$150.00
MI / mo$0.00$17.10
HOA / mo$160.33$160.33
Total monthly$885.29$926.84
Cash to close$0$9,500