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$233,004$228,600
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,165$0
Note rate6.86%7.18%
Blended rate6.86%7.42%
1st payment$1,565.19$1,548.62
2nd payment$0.00$0.00
Taxes / mo$35.25$35.25
Insurance / mo$150.00$150.00
MI / mo$0.00$45.72
HOA / mo$213.00$213.00
Total monthly$1,963.44$1,992.59
Cash to close$20,996$25,400