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$160,645$169,110
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$803$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$1,055.50$1,170.88
2nd payment$0.00$0.00
Taxes / mo$232.92$232.92
Insurance / mo$150.00$150.00
MI / mo$0.00$33.82
HOA / mo$558.33$558.33
Total monthly$1,996.74$2,145.95
Cash to close$27,255$18,790