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$154,128$143,910
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$771$0
Note rate3.070%7.400%
Blended rate3.070%7.640%
1st payment$731.67$996.40
2nd payment$0.00$0.00
Taxes / mo$44.29$44.29
Insurance / mo$150.00$150.00
MI / mo$0.00$28.78
HOA / mo$350.00$350.00
Total monthly$1,275.96$1,569.48
Cash to close$5,772$15,990