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$216,894$211,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,084$0
Note rate7.090%7.320%
Blended rate7.090%7.560%
1st payment$1,489.74$1,452.86
2nd payment$0.00$0.00
Taxes / mo$79.83$79.83
Insurance / mo$150.00$150.00
MI / mo$0.00$42.30
HOA / mo$0.00$0.00
Total monthly$1,719.58$1,724.99
Cash to close$18,106$23,500