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$195,796$196,979
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$979$0
Note rate6.600%7.400%
Blended rate6.600%7.640%
1st payment$1,273.01$1,363.84
2nd payment$0.00$0.00
Taxes / mo$233.33$233.33
Insurance / mo$150.00$150.00
MI / mo$0.00$39.40
HOA / mo$145.00$145.00
Total monthly$1,801.34$1,931.57
Cash to close$23,069$21,887