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$213,738$199,800
Remaining term (yrs)24.130.0
Secondary amount$0$0
Funding fee$1,069$0
Note rate2.8%7.24%
Blended rate2.8%7.48%
1st payment$1,015.13$1,361.63
2nd payment$0.00$0.00
Taxes / mo$94.42$94.42
Insurance / mo$150.00$150.00
MI / mo$0.00$39.96
HOA / mo$0.00$0.00
Total monthly$1,259.54$1,646.01
Cash to close$8,262$22,200