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$163,690$171,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$818$0
Note rate6.430%7.400%
Blended rate6.430%7.640%
1st payment$1,069.49$1,183.97
2nd payment$0.00$0.00
Taxes / mo$158.33$158.33
Insurance / mo$150.00$150.00
MI / mo$0.00$34.20
HOA / mo$0.00$0.00
Total monthly$1,377.83$1,526.50
Cash to close$26,310$19,000