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$275,502$279,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,378$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$1,432.25$1,931.74
2nd payment$0.00$0.00
Taxes / mo$87.97$87.97
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$0.00$0.00
Total monthly$1,670.21$2,225.51
Cash to close$34,498$31,000