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$232,479$233,100
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,162$0
Note rate4.170%7.400%
Blended rate4.170%7.640%
1st payment$1,228.42$1,613.94
2nd payment$0.00$0.00
Taxes / mo$355.00$355.00
Insurance / mo$150.00$150.00
MI / mo$0.00$46.62
HOA / mo$0.00$0.00
Total monthly$1,733.42$2,165.56
Cash to close$26,521$25,900