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$209,709$211,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,049$0
Note rate6.780%7.400%
Blended rate6.780%7.640%
1st payment$1,394.95$1,464.38
2nd payment$0.00$0.00
Taxes / mo$195.83$195.83
Insurance / mo$150.00$150.00
MI / mo$0.00$42.30
HOA / mo$0.00$0.00
Total monthly$1,740.78$1,852.52
Cash to close$25,291$23,500