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$146,048$145,722
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$730$0
Note rate6.270%7.240%
Blended rate6.270%7.480%
1st payment$944.04$993.09
2nd payment$0.00$0.00
Taxes / mo$199.64$199.64
Insurance / mo$150.00$150.00
MI / mo$0.00$29.14
HOA / mo$50.00$50.00
Total monthly$1,343.68$1,421.88
Cash to close$15,865$16,191