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$209,591$216,450
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,048$0
Note rate6.330%7.400%
Blended rate6.330%7.640%
1st payment$1,366.05$1,498.66
2nd payment$0.00$0.00
Taxes / mo$171.12$171.12
Insurance / mo$150.00$150.00
MI / mo$0.00$43.29
HOA / mo$149.00$149.00
Total monthly$1,836.17$2,012.07
Cash to close$30,909$24,050