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$172,204$172,800
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$861$0
Note rate6.360%7.400%
Blended rate6.360%7.640%
1st payment$1,121.50$1,196.43
2nd payment$0.00$0.00
Taxes / mo$299.10$299.10
Insurance / mo$150.00$150.00
MI / mo$0.00$34.56
HOA / mo$0.00$0.00
Total monthly$1,570.60$1,680.09
Cash to close$19,796$19,200