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$280,705$288,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,404$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,814.31$1,994.05
2nd payment$0.00$0.00
Taxes / mo$48.08$48.08
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$0.00$0.00
Total monthly$2,012.39$2,249.74
Cash to close$39,295$32,000