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$251,918$243,900
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,260$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$1,474.93$1,688.71
2nd payment$0.00$0.00
Taxes / mo$330.50$330.50
Insurance / mo$150.00$150.00
MI / mo$0.00$48.78
HOA / mo$293.00$293.00
Total monthly$2,248.43$2,510.99
Cash to close$19,082$27,100