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$231,441$218,610
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,157$0
Note rate6.190%7.320%
Blended rate6.190%7.560%
1st payment$1,428.60$1,501.70
2nd payment$0.00$0.00
Taxes / mo$39.33$39.33
Insurance / mo$150.00$150.00
MI / mo$0.00$43.72
HOA / mo$0.00$0.00
Total monthly$1,617.93$1,734.75
Cash to close$11,459$24,290