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$155,761$153,000
Remaining term (yrs)24.730.0
Secondary amount$0$0
Funding fee$779$0
Note rate2.960%7.320%
Blended rate2.960%7.560%
1st payment$738.73$1,051.00
2nd payment$0.00$0.00
Taxes / mo$126.83$126.83
Insurance / mo$150.00$150.00
MI / mo$0.00$30.60
HOA / mo$0.00$0.00
Total monthly$1,015.57$1,358.44
Cash to close$14,239$17,000