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$206,189$207,000
Remaining term (yrs)24.230.0
Secondary amount$0$0
Funding fee$1,031$0
Note rate2.770%7.400%
Blended rate2.770%7.640%
1st payment$971.42$1,433.23
2nd payment$0.00$0.00
Taxes / mo$158.17$158.17
Insurance / mo$150.00$150.00
MI / mo$0.00$41.40
HOA / mo$435.00$435.00
Total monthly$1,714.59$2,217.79
Cash to close$23,811$23,000