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$0$13,500
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$0$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$0.00$93.47
2nd payment$0.00$0.00
Taxes / mo$8.92$8.92
Insurance / mo$150.00$150.00
MI / mo$0.00$2.70
HOA / mo$0.00$0.00
Total monthly$158.92$255.09
Cash to close$15,000$1,500