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$240,351$229,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,202$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$1,609.78$1,589.01
2nd payment$0.00$0.00
Taxes / mo$150.58$150.58
Insurance / mo$150.00$150.00
MI / mo$0.00$45.90
HOA / mo$0.00$0.00
Total monthly$1,910.36$1,935.49
Cash to close$14,649$25,500