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$239,132$226,800
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,196$0
Note rate6.430%7.400%
Blended rate6.430%7.640%
1st payment$1,562.40$1,570.32
2nd payment$0.00$0.00
Taxes / mo$180.00$180.00
Insurance / mo$150.00$150.00
MI / mo$0.00$45.36
HOA / mo$135.00$135.00
Total monthly$2,027.40$2,080.68
Cash to close$12,868$25,200