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$223,430$211,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,117$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$1,308.14$1,464.38
2nd payment$0.00$0.00
Taxes / mo$331.48$331.48
Insurance / mo$150.00$150.00
MI / mo$0.00$42.30
HOA / mo$0.00$0.00
Total monthly$1,789.62$1,988.16
Cash to close$11,570$23,500