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$212,616$219,600
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,063$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$1,418.15$1,520.47
2nd payment$0.00$0.00
Taxes / mo$203.33$203.33
Insurance / mo$150.00$150.00
MI / mo$0.00$43.92
HOA / mo$0.00$0.00
Total monthly$1,771.49$1,917.72
Cash to close$31,384$24,400