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$185,095$180,000
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$925$0
Note rate3.020%7.400%
Blended rate3.020%7.640%
1st payment$887.64$1,246.28
2nd payment$0.00$0.00
Taxes / mo$39.33$39.33
Insurance / mo$150.00$150.00
MI / mo$0.00$36.00
HOA / mo$494.00$494.00
Total monthly$1,570.97$1,965.62
Cash to close$14,905$20,000