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$202,637$197,100
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,013$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$1,336.39$1,364.68
2nd payment$0.00$0.00
Taxes / mo$182.50$182.50
Insurance / mo$150.00$150.00
MI / mo$0.00$39.42
HOA / mo$0.00$0.00
Total monthly$1,668.89$1,736.60
Cash to close$16,363$21,900