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$208,696$168,750
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,043$0
Note rate3.690%7.400%
Blended rate3.690%7.640%
1st payment$1,053.45$1,168.39
2nd payment$0.00$0.00
Taxes / mo$305.42$305.42
Insurance / mo$150.00$150.00
MI / mo$0.00$33.75
HOA / mo$0.00$0.00
Total monthly$1,508.87$1,657.56
Cash to close$0$18,750