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$210,221$197,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,051$0
Note rate6.600%7.400%
Blended rate6.600%7.640%
1st payment$1,385.44$1,364.68
2nd payment$0.00$0.00
Taxes / mo$134.67$134.67
Insurance / mo$150.00$150.00
MI / mo$0.00$39.42
HOA / mo$0.00$0.00
Total monthly$1,670.11$1,688.77
Cash to close$8,779$21,900