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$225,181$206,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,126$0
Note rate6.320%7.400%
Blended rate6.320%7.640%
1st payment$1,457.31$1,432.60
2nd payment$0.00$0.00
Taxes / mo$125.91$125.91
Insurance / mo$150.00$150.00
MI / mo$0.00$41.38
HOA / mo$0.00$0.00
Total monthly$1,733.22$1,749.90
Cash to close$4,719$22,990