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$227,812$234,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,139$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$1,572.16$1,620.17
2nd payment$0.00$0.00
Taxes / mo$408.75$408.75
Insurance / mo$150.00$150.00
MI / mo$0.00$46.80
HOA / mo$0.00$0.00
Total monthly$2,130.91$2,225.72
Cash to close$32,188$26,000