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$85,856$89,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$429$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$581.22$622.52
2nd payment$0.00$0.00
Taxes / mo$45.83$45.83
Insurance / mo$150.00$150.00
MI / mo$0.00$17.98
HOA / mo$0.00$0.00
Total monthly$777.06$836.33
Cash to close$14,044$9,990