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$162,407$161,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$812$0
Note rate6.930%7.400%
Blended rate6.930%7.640%
1st payment$1,090.00$1,115.42
2nd payment$0.00$0.00
Taxes / mo$149.17$149.17
Insurance / mo$150.00$150.00
MI / mo$0.00$32.22
HOA / mo$0.00$0.00
Total monthly$1,389.17$1,446.81
Cash to close$16,593$17,900