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$262,628$225,000
Remaining term (yrs)24.830.0
Secondary amount$0$0
Funding fee$1,313$0
Note rate2.900%7.400%
Blended rate2.900%7.640%
1st payment$1,234.60$1,557.85
2nd payment$0.00$0.00
Taxes / mo$109.83$109.83
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$0.00$0.00
Total monthly$1,494.43$1,862.68
Cash to close$0$25,000