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$237,127$215,775
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,186$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$1,533.96$1,493.98
2nd payment$0.00$0.00
Taxes / mo$694.49$694.49
Insurance / mo$150.00$150.00
MI / mo$0.00$43.16
HOA / mo$0.00$0.00
Total monthly$2,378.45$2,381.63
Cash to close$2,623$23,975