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$164,289$179,100
Remaining term (yrs)23.830.0
Secondary amount$0$0
Funding fee$821$0
Note rate3.100%7.400%
Blended rate3.100%7.640%
1st payment$811.33$1,240.05
2nd payment$0.00$0.00
Taxes / mo$60.53$60.53
Insurance / mo$150.00$150.00
MI / mo$0.00$35.82
HOA / mo$280.00$280.00
Total monthly$1,301.86$1,766.40
Cash to close$34,711$19,900