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$195,953$188,100
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$980$0
Note rate6.470%7.320%
Blended rate6.470%7.560%
1st payment$1,262.73$1,292.12
2nd payment$0.00$0.00
Taxes / mo$58.08$58.08
Insurance / mo$150.00$150.00
MI / mo$0.00$37.62
HOA / mo$0.00$0.00
Total monthly$1,470.81$1,537.82
Cash to close$13,047$20,900