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$191,527$188,010
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$958$0
Note rate6.470%7.320%
Blended rate6.470%7.560%
1st payment$1,234.21$1,291.50
2nd payment$0.00$0.00
Taxes / mo$463.33$463.33
Insurance / mo$150.00$150.00
MI / mo$0.00$37.60
HOA / mo$0.00$0.00
Total monthly$1,847.54$1,942.43
Cash to close$17,373$20,890