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$178,582$162,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$893$0
Note rate6.200%7.320%
Blended rate6.200%7.560%
1st payment$1,119.89$1,112.83
2nd payment$0.00$0.00
Taxes / mo$398.42$398.42
Insurance / mo$150.00$150.00
MI / mo$0.00$32.40
HOA / mo$0.00$0.00
Total monthly$1,668.30$1,693.64
Cash to close$1,418$18,000