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$212,555$224,999
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,063$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$1,375.08$1,557.85
2nd payment$0.00$0.00
Taxes / mo$208.33$208.33
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$0.00$0.00
Total monthly$1,733.41$1,961.18
Cash to close$37,444$25,000