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$223,623$218,700
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,118$0
Note rate6.29%7.11%
Blended rate6.29%7.35%
1st payment$1,459.24$1,471.21
2nd payment$0.00$0.00
Taxes / mo$301.83$301.83
Insurance / mo$150.00$150.00
MI / mo$0.00$43.74
HOA / mo$60.00$60.00
Total monthly$1,971.07$2,026.78
Cash to close$19,377$24,300