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$286,750$289,800
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$1,434$0
Note rate3.070%7.400%
Blended rate3.070%7.640%
1st payment$1,361.24$2,006.52
2nd payment$0.00$0.00
Taxes / mo$100.08$100.08
Insurance / mo$150.00$150.00
MI / mo$0.00$57.96
HOA / mo$400.00$400.00
Total monthly$2,011.33$2,714.56
Cash to close$35,250$32,200