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$216,611$220,860
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$1,083$0
Note rate3.180%7.400%
Blended rate3.180%7.640%
1st payment$1,056.87$1,529.19
2nd payment$0.00$0.00
Taxes / mo$60.43$60.43
Insurance / mo$150.00$150.00
MI / mo$0.00$44.17
HOA / mo$268.00$268.00
Total monthly$1,535.29$2,051.79
Cash to close$28,789$24,540