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$101,112$103,500
Remaining term (yrs)24.430.0
Secondary amount$0$0
Funding fee$506$0
Note rate2.700%7.400%
Blended rate2.700%7.640%
1st payment$470.49$716.61
2nd payment$0.00$0.00
Taxes / mo$81.47$81.47
Insurance / mo$150.00$150.00
MI / mo$0.00$20.70
HOA / mo$0.00$0.00
Total monthly$701.97$968.79
Cash to close$13,888$11,500