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$165,574$170,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$828$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$1,101.49$1,177.74
2nd payment$0.00$0.00
Taxes / mo$116.50$116.50
Insurance / mo$150.00$150.00
MI / mo$0.00$34.02
HOA / mo$0.00$0.00
Total monthly$1,367.99$1,478.26
Cash to close$23,426$18,900