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$257,729$233,910
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$1,289$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$1,626.72$1,619.55
2nd payment$0.00$0.00
Taxes / mo$216.58$216.58
Insurance / mo$150.00$150.00
MI / mo$0.00$46.78
HOA / mo$0.00$0.00
Total monthly$1,993.30$2,032.91
Cash to close$2,171$25,990