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$222,386$225,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,112$0
Note rate6.940%7.320%
Blended rate6.940%7.560%
1st payment$1,510.01$1,545.59
2nd payment$0.00$0.00
Taxes / mo$293.50$293.50
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$100.00$100.00
Total monthly$2,053.51$2,134.09
Cash to close$27,614$25,000