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$153,791$143,910
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$769$0
Note rate3.07%7.18%
Blended rate3.07%7.42%
1st payment$731.67$974.90
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$1,547.97
Cash to close$6,109$15,990