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$101,140$89,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$506$0
Note rate5.520%7.320%
Blended rate5.520%7.560%
1st payment$611.24$617.62
2nd payment$0.00$0.00
Taxes / mo$68.00$68.00
Insurance / mo$150.00$150.00
MI / mo$0.00$17.98
HOA / mo$150.00$150.00
Total monthly$979.24$1,003.60
Cash to close$0$9,990