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$206,973$211,500
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,035$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$1,399.57$1,464.38
2nd payment$0.00$0.00
Taxes / mo$506.33$506.33
Insurance / mo$150.00$150.00
MI / mo$0.00$42.30
HOA / mo$0.00$0.00
Total monthly$2,055.90$2,163.02
Cash to close$28,027$23,500