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$174,815$187,650
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$874$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,129.90$1,299.25
2nd payment$0.00$0.00
Taxes / mo$164.67$164.67
Insurance / mo$150.00$150.00
MI / mo$0.00$37.53
HOA / mo$0.00$0.00
Total monthly$1,444.56$1,651.45
Cash to close$33,685$20,850