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$211,376$220,410
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,057$0
Note rate6.330%7.400%
Blended rate6.330%7.640%
1st payment$1,366.05$1,526.07
2nd payment$0.00$0.00
Taxes / mo$267.92$267.92
Insurance / mo$150.00$150.00
MI / mo$0.00$44.08
HOA / mo$0.00$0.00
Total monthly$1,783.96$1,988.07
Cash to close$33,524$24,490