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$228,551$225,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,143$0
Note rate6.92%7.18%
Blended rate6.92%7.42%
1st payment$1,544.26$1,524.23
2nd payment$0.00$0.00
Taxes / mo$55.33$55.33
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$255.00$255.00
Total monthly$2,004.59$2,029.56
Cash to close$21,449$25,000