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$185,555$195,660
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$928$0
Note rate3.090%7.400%
Blended rate3.090%7.640%
1st payment$882.80$1,354.71
2nd payment$0.00$0.00
Taxes / mo$211.08$211.08
Insurance / mo$150.00$150.00
MI / mo$0.00$39.13
HOA / mo$0.00$0.00
Total monthly$1,243.88$1,754.93
Cash to close$31,845$21,740