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$216,637$224,100
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,083$0
Note rate2.800%7.400%
Blended rate2.800%7.640%
1st payment$1,004.92$1,551.62
2nd payment$0.00$0.00
Taxes / mo$235.42$235.42
Insurance / mo$150.00$150.00
MI / mo$0.00$44.82
HOA / mo$323.00$323.00
Total monthly$1,713.34$2,304.86
Cash to close$32,363$24,900