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$275,797$269,910
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$1,379$0
Note rate3.110%7.400%
Blended rate3.110%7.640%
1st payment$1,312.18$1,868.80
2nd payment$0.00$0.00
Taxes / mo$76.27$76.27
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$0.00$0.00
Total monthly$1,538.45$2,149.05
Cash to close$24,103$29,990