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$182,568$179,910
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$913$0
Note rate6.700%7.400%
Blended rate6.700%7.640%
1st payment$1,252.41$1,245.66
2nd payment$0.00$0.00
Taxes / mo$97.25$97.25
Insurance / mo$150.00$150.00
MI / mo$0.00$35.98
HOA / mo$0.00$0.00
Total monthly$1,499.66$1,528.89
Cash to close$17,332$19,990