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$236,772$233,999
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,184$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$1,554.84$1,620.16
2nd payment$0.00$0.00
Taxes / mo$216.67$216.67
Insurance / mo$150.00$150.00
MI / mo$0.00$46.80
HOA / mo$0.00$0.00
Total monthly$1,921.51$2,033.63
Cash to close$23,227$26,000