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$255,853$242,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,279$0
Note rate6.880%7.400%
Blended rate6.880%7.640%
1st payment$1,725.48$1,681.86
2nd payment$0.00$0.00
Taxes / mo$224.92$224.92
Insurance / mo$150.00$150.00
MI / mo$0.00$48.58
HOA / mo$0.00$0.00
Total monthly$2,100.40$2,105.36
Cash to close$14,047$26,990