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$207,781$209,250
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,039$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$1,398.65$1,448.80
2nd payment$0.00$0.00
Taxes / mo$193.75$193.75
Insurance / mo$150.00$150.00
MI / mo$0.00$41.85
HOA / mo$0.00$0.00
Total monthly$1,742.40$1,834.40
Cash to close$24,719$23,250