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$187,711$193,498
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$939$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$1,266.58$1,339.74
2nd payment$0.00$0.00
Taxes / mo$179.17$179.17
Insurance / mo$150.00$150.00
MI / mo$0.00$38.70
HOA / mo$0.00$0.00
Total monthly$1,595.75$1,707.61
Cash to close$27,287$21,500