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$155,180$166,499
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$776$0
Note rate2.980%7.400%
Blended rate2.980%7.640%
1st payment$735.92$1,152.81
2nd payment$0.00$0.00
Taxes / mo$77.53$77.53
Insurance / mo$150.00$150.00
MI / mo$0.00$33.30
HOA / mo$0.00$0.00
Total monthly$963.45$1,413.64
Cash to close$29,819$18,500