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$214,073$215,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,070$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$1,429.84$1,489.31
2nd payment$0.00$0.00
Taxes / mo$31.62$31.62
Insurance / mo$150.00$150.00
MI / mo$0.00$43.02
HOA / mo$0.00$0.00
Total monthly$1,611.47$1,713.95
Cash to close$24,927$23,900