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$197,071$198,000
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$985$0
Note rate6.650%7.400%
Blended rate6.650%7.640%
1st payment$1,283.93$1,370.91
2nd payment$0.00$0.00
Taxes / mo$183.33$183.33
Insurance / mo$150.00$150.00
MI / mo$0.00$39.60
HOA / mo$0.00$0.00
Total monthly$1,617.26$1,743.85
Cash to close$22,929$22,000