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$216,138$223,200
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$1,081$0
Note rate2.8%7.24%
Blended rate2.8%7.48%
1st payment$1,004.92$1,521.10
2nd payment$0.00$0.00
Taxes / mo$235.42$235.42
Insurance / mo$150.00$150.00
MI / mo$0.00$44.64
HOA / mo$323.00$323.00
Total monthly$1,713.34$2,274.16
Cash to close$31,862$24,800