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$232,541$219,141
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,163$0
Note rate3.450%7.400%
Blended rate3.450%7.640%
1st payment$1,141.31$1,517.29
2nd payment$0.00$0.00
Taxes / mo$102.42$102.42
Insurance / mo$150.00$150.00
MI / mo$0.00$43.83
HOA / mo$0.00$0.00
Total monthly$1,393.72$1,813.53
Cash to close$10,949$24,349