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$231,985$237,600
Remaining term (yrs)29.230.0
Secondary amount$0$0
Funding fee$1,160$0
Note rate6.190%7.400%
Blended rate6.190%7.640%
1st payment$1,430.52$1,645.09
2nd payment$0.00$0.00
Taxes / mo$220.00$220.00
Insurance / mo$150.00$150.00
MI / mo$0.00$47.52
HOA / mo$0.00$0.00
Total monthly$1,800.52$2,062.61
Cash to close$32,015$26,400