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$286,474$269,100
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$1,432$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,815.66$1,863.19
2nd payment$0.00$0.00
Taxes / mo$82.00$82.00
Insurance / mo$150.00$150.00
MI / mo$0.00$53.82
HOA / mo$0.00$0.00
Total monthly$2,047.66$2,149.01
Cash to close$12,526$29,900