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$213,071$193,500
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$1,065$0
Note rate6.260%7.320%
Blended rate6.260%7.560%
1st payment$1,322.20$1,329.21
2nd payment$0.00$0.00
Taxes / mo$131.08$131.08
Insurance / mo$150.00$150.00
MI / mo$0.00$38.70
HOA / mo$335.00$335.00
Total monthly$1,938.28$1,983.99
Cash to close$1,929$21,500