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$175,675$184,500
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$878$0
Note rate6.120%7.400%
Blended rate6.120%7.640%
1st payment$1,117.63$1,277.44
2nd payment$0.00$0.00
Taxes / mo$170.83$170.83
Insurance / mo$150.00$150.00
MI / mo$0.00$36.90
HOA / mo$0.00$0.00
Total monthly$1,438.47$1,635.17
Cash to close$29,325$20,500