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$221,216$214,200
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,106$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$1,441.20$1,483.08
2nd payment$0.00$0.00
Taxes / mo$564.57$564.57
Insurance / mo$150.00$150.00
MI / mo$0.00$42.84
HOA / mo$0.00$0.00
Total monthly$2,155.77$2,240.48
Cash to close$16,784$23,800