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$105,951$112,500
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$530$0
Note rate3.110%7.400%
Blended rate3.110%7.640%
1st payment$503.00$778.93
2nd payment$0.00$0.00
Taxes / mo$104.17$104.17
Insurance / mo$150.00$150.00
MI / mo$0.00$22.50
HOA / mo$0.00$0.00
Total monthly$757.17$1,055.59
Cash to close$19,049$12,500