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$213,248$225,000
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$1,066$0
Note rate3.25%7.18%
Blended rate3.25%7.42%
1st payment$1,041.45$1,524.23
2nd payment$0.00$0.00
Taxes / mo$111.92$111.92
Insurance / mo$0.00$0.00
MI / mo$0.00$45.00
HOA / mo$425.00$425.00
Total monthly$1,578.37$2,106.15
Cash to close$36,752$25,000