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$219,527$224,100
Remaining term (yrs)23.330.0
Secondary amount$0$0
Funding fee$1,098$0
Note rate3.730%7.400%
Blended rate3.730%7.640%
1st payment$1,172.60$1,551.62
2nd payment$0.00$0.00
Taxes / mo$259.75$259.75
Insurance / mo$150.00$150.00
MI / mo$0.00$44.82
HOA / mo$700.00$700.00
Total monthly$2,282.35$2,706.19
Cash to close$29,473$24,900