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$254,302$260,910
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$1,272$0
Note rate6.100%7.400%
Blended rate6.100%7.640%
1st payment$1,551.83$1,806.49
2nd payment$0.00$0.00
Taxes / mo$79.31$79.31
Insurance / mo$150.00$150.00
MI / mo$0.00$52.18
HOA / mo$0.00$0.00
Total monthly$1,781.14$2,087.98
Cash to close$35,598$28,990