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$202,572$208,800
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$1,013$0
Note rate2.840%7.400%
Blended rate2.840%7.640%
1st payment$941.69$1,445.69
2nd payment$0.00$0.00
Taxes / mo$76.92$76.92
Insurance / mo$150.00$150.00
MI / mo$0.00$41.76
HOA / mo$0.00$0.00
Total monthly$1,168.61$1,714.37
Cash to close$29,428$23,200