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$182,416$178,946
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$912$0
Note rate6.390%7.400%
Blended rate6.390%7.640%
1st payment$1,187.21$1,238.99
2nd payment$0.00$0.00
Taxes / mo$165.69$165.69
Insurance / mo$150.00$150.00
MI / mo$0.00$35.79
HOA / mo$0.00$0.00
Total monthly$1,502.90$1,590.47
Cash to close$16,413$19,883