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$107,634$117,000
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$538$0
Note rate6.120%7.400%
Blended rate6.120%7.640%
1st payment$668.02$810.08
2nd payment$0.00$0.00
Taxes / mo$32.83$32.83
Insurance / mo$150.00$150.00
MI / mo$0.00$23.40
HOA / mo$0.00$0.00
Total monthly$850.85$1,016.32
Cash to close$22,366$13,000