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$202,612$213,750
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,013$0
Note rate5.540%7.400%
Blended rate5.540%7.640%
1st payment$1,225.18$1,479.96
2nd payment$0.00$0.00
Taxes / mo$219.25$219.25
Insurance / mo$150.00$150.00
MI / mo$0.00$42.75
HOA / mo$0.00$0.00
Total monthly$1,594.43$1,891.96
Cash to close$34,888$23,750