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$252,304$261,000
Remaining term (yrs)23.730.0
Secondary amount$0$0
Funding fee$1,262$0
Note rate3.230%7.400%
Blended rate3.230%7.640%
1st payment$1,266.01$1,807.11
2nd payment$0.00$0.00
Taxes / mo$135.75$135.75
Insurance / mo$150.00$150.00
MI / mo$0.00$52.20
HOA / mo$1,057.00$1,057.00
Total monthly$2,608.76$3,202.06
Cash to close$37,696$29,000