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$252,432$261,000
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,262$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$1,482.41$1,807.11
2nd payment$0.00$0.00
Taxes / mo$241.67$241.67
Insurance / mo$150.00$150.00
MI / mo$0.00$52.20
HOA / mo$0.00$0.00
Total monthly$1,874.08$2,250.98
Cash to close$37,568$29,000