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$215,761$197,910
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,079$0
Note rate6.390%7.400%
Blended rate6.390%7.640%
1st payment$1,404.23$1,370.29
2nd payment$0.00$0.00
Taxes / mo$132.31$132.31
Insurance / mo$150.00$150.00
MI / mo$0.00$39.58
HOA / mo$0.00$0.00
Total monthly$1,686.54$1,692.18
Cash to close$4,139$21,990