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$237,176$238,410
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,186$0
Note rate6.660%7.320%
Blended rate6.660%7.560%
1st payment$1,568.90$1,637.71
2nd payment$0.00$0.00
Taxes / mo$157.75$157.75
Insurance / mo$150.00$150.00
MI / mo$0.00$47.68
HOA / mo$0.00$0.00
Total monthly$1,876.65$1,993.14
Cash to close$27,724$26,490