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$208,810$220,500
Remaining term (yrs)24.530.0
Secondary amount$0$0
Funding fee$1,044$0
Note rate3.17%7.24%
Blended rate3.17%7.48%
1st payment$1,019.98$1,502.70
2nd payment$0.00$0.00
Taxes / mo$128.50$128.50
Insurance / mo$150.00$150.00
MI / mo$0.00$44.10
HOA / mo$436.00$436.00
Total monthly$1,734.48$2,261.30
Cash to close$36,190$24,500