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$141,726$153,000
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$709$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$965.84$1,059.34
2nd payment$0.00$0.00
Taxes / mo$26.73$26.73
Insurance / mo$150.00$150.00
MI / mo$0.00$30.60
HOA / mo$0.00$0.00
Total monthly$1,142.56$1,266.67
Cash to close$28,274$17,000