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$194,025$186,750
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$970$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$1,290.61$1,293.02
2nd payment$0.00$0.00
Taxes / mo$172.92$172.92
Insurance / mo$150.00$150.00
MI / mo$0.00$37.35
HOA / mo$0.00$0.00
Total monthly$1,613.52$1,653.29
Cash to close$13,475$20,750