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$185,611$187,200
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$928$0
Note rate3.070%7.400%
Blended rate3.070%7.640%
1st payment$879.20$1,296.13
2nd payment$0.00$0.00
Taxes / mo$51.67$51.67
Insurance / mo$150.00$150.00
MI / mo$0.00$37.44
HOA / mo$256.00$256.00
Total monthly$1,336.87$1,791.24
Cash to close$22,389$20,800