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$241,979$243,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,210$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$1,597.54$1,682.48
2nd payment$0.00$0.00
Taxes / mo$102.92$102.92
Insurance / mo$150.00$150.00
MI / mo$0.00$48.60
HOA / mo$0.00$0.00
Total monthly$1,850.46$1,984.00
Cash to close$28,021$27,000