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$183,927$178,200
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$920$0
Note rate6.730%7.400%
Blended rate6.730%7.640%
1st payment$1,216.23$1,233.82
2nd payment$0.00$0.00
Taxes / mo$165.00$165.00
Insurance / mo$150.00$150.00
MI / mo$0.00$35.64
HOA / mo$0.00$0.00
Total monthly$1,531.23$1,584.46
Cash to close$14,073$19,800