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$167,068$170,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$835$0
Note rate6.630%7.320%
Blended rate6.630%7.560%
1st payment$1,101.90$1,174.03
2nd payment$0.00$0.00
Taxes / mo$11.00$11.00
Insurance / mo$150.00$150.00
MI / mo$0.00$34.18
HOA / mo$0.00$0.00
Total monthly$1,262.90$1,369.22
Cash to close$22,832$18,990