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$224,386$224,100
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$1,122$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,422.15$1,551.62
2nd payment$0.00$0.00
Taxes / mo$70.50$70.50
Insurance / mo$150.00$150.00
MI / mo$0.00$44.82
HOA / mo$0.00$0.00
Total monthly$1,642.65$1,816.94
Cash to close$24,614$24,900