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$210,104$211,500
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$1,051$0
Note rate3.020%7.400%
Blended rate3.020%7.640%
1st payment$994.10$1,464.38
2nd payment$0.00$0.00
Taxes / mo$51.00$51.00
Insurance / mo$150.00$150.00
MI / mo$0.00$42.30
HOA / mo$783.00$783.00
Total monthly$1,978.10$2,490.69
Cash to close$24,896$23,500