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$172,382$175,410
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$862$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$1,152.33$1,214.50
2nd payment$0.00$0.00
Taxes / mo$162.42$162.42
Insurance / mo$150.00$150.00
MI / mo$0.00$35.08
HOA / mo$0.00$0.00
Total monthly$1,464.74$1,562.00
Cash to close$22,518$19,490