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$279,161$283,500
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$1,396$0
Note rate2.980%7.400%
Blended rate2.980%7.640%
1st payment$1,312.10$1,962.90
2nd payment$0.00$0.00
Taxes / mo$228.08$228.08
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$14.17$14.17
Total monthly$1,704.36$2,411.85
Cash to close$35,839$31,500