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$163,341$166,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$817$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,044.09$1,152.81
2nd payment$0.00$0.00
Taxes / mo$19.42$19.42
Insurance / mo$150.00$150.00
MI / mo$0.00$33.30
HOA / mo$331.00$331.00
Total monthly$1,544.51$1,686.53
Cash to close$21,659$18,500