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$146,125$153,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$731$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$980.61$1,059.34
2nd payment$0.00$0.00
Taxes / mo$159.75$159.75
Insurance / mo$150.00$150.00
MI / mo$0.00$30.60
HOA / mo$0.00$0.00
Total monthly$1,290.36$1,399.69
Cash to close$23,875$17,000