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$234,402$229,410
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,172$0
Note rate5.3%7.18%
Blended rate5.3%7.42%
1st payment$1,387.71$1,554.10
2nd payment$0.00$0.00
Taxes / mo$193.75$193.75
Insurance / mo$150.00$150.00
MI / mo$0.00$45.88
HOA / mo$287.00$287.00
Total monthly$2,018.46$2,230.74
Cash to close$20,498$25,490