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$279,162$270,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,396$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,842.83$1,869.43
2nd payment$0.00$0.00
Taxes / mo$219.33$219.33
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$140.00$140.00
Total monthly$2,352.16$2,432.76
Cash to close$20,838$30,000