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$164,250$165,600
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$821$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$1,103.32$1,146.58
2nd payment$0.00$0.00
Taxes / mo$66.58$66.58
Insurance / mo$150.00$150.00
MI / mo$0.00$33.12
HOA / mo$0.00$0.00
Total monthly$1,319.90$1,396.28
Cash to close$19,750$18,400