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$284,076$287,910
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,420$0
Note rate6.580%7.400%
Blended rate6.580%7.640%
1st payment$1,828.93$1,993.43
2nd payment$0.00$0.00
Taxes / mo$121.75$121.75
Insurance / mo$150.00$150.00
MI / mo$0.00$57.58
HOA / mo$0.00$0.00
Total monthly$2,100.68$2,322.76
Cash to close$35,824$31,990