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$286,782$292,500
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,434$0
Note rate6.150%7.400%
Blended rate6.150%7.640%
1st payment$1,827.59$2,025.21
2nd payment$0.00$0.00
Taxes / mo$270.83$270.83
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$0.00$0.00
Total monthly$2,248.42$2,504.54
Cash to close$38,218$32,500