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$272,411$265,410
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,362$0
Note rate5.090%7.400%
Blended rate5.090%7.640%
1st payment$1,581.21$1,837.65
2nd payment$0.00$0.00
Taxes / mo$245.75$245.75
Insurance / mo$150.00$150.00
MI / mo$0.00$53.08
HOA / mo$161.00$161.00
Total monthly$2,137.96$2,447.48
Cash to close$22,489$29,490