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$133,174$139,410
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$666$0
Note rate2.800%7.400%
Blended rate2.800%7.640%
1st payment$616.34$965.25
2nd payment$0.00$0.00
Taxes / mo$259.58$259.58
Insurance / mo$150.00$150.00
MI / mo$0.00$27.88
HOA / mo$120.00$120.00
Total monthly$1,145.92$1,522.71
Cash to close$21,726$15,490