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$182,019$194,400
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$910$0
Note rate7.440%7.400%
Blended rate7.440%7.640%
1st payment$1,299.67$1,345.99
2nd payment$0.00$0.00
Taxes / mo$563.67$563.67
Insurance / mo$150.00$150.00
MI / mo$0.00$38.88
HOA / mo$0.00$0.00
Total monthly$2,013.34$2,098.53
Cash to close$33,981$21,600