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$285,716$283,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,429$0
Note rate6.170%7.400%
Blended rate6.170%7.640%
1st payment$1,761.74$1,962.90
2nd payment$0.00$0.00
Taxes / mo$205.75$205.75
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$350.00$350.00
Total monthly$2,467.49$2,725.35
Cash to close$29,284$31,500