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$197,897$199,710
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$989$0
Note rate2.000%7.400%
Blended rate2.000%7.640%
1st payment$798.43$1,382.75
2nd payment$0.00$0.00
Taxes / mo$68.50$68.50
Insurance / mo$150.00$150.00
MI / mo$0.00$39.94
HOA / mo$325.00$325.00
Total monthly$1,341.93$1,966.19
Cash to close$24,003$22,190