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$204,660$200,250
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,023$0
Note rate6.910%7.400%
Blended rate6.910%7.640%
1st payment$1,372.18$1,386.49
2nd payment$0.00$0.00
Taxes / mo$495.55$495.55
Insurance / mo$150.00$150.00
MI / mo$0.00$40.05
HOA / mo$0.00$0.00
Total monthly$2,017.73$2,072.09
Cash to close$17,840$22,250