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$211,193$198,000
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,056$0
Note rate6.600%7.400%
Blended rate6.600%7.640%
1st payment$1,373.12$1,370.91
2nd payment$0.00$0.00
Taxes / mo$501.25$501.25
Insurance / mo$150.00$150.00
MI / mo$0.00$39.60
HOA / mo$0.00$0.00
Total monthly$2,024.37$2,061.76
Cash to close$8,807$22,000