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$254,887$225,000
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$1,274$0
Note rate6.230%7.400%
Blended rate6.230%7.640%
1st payment$1,569.07$1,557.85
2nd payment$0.00$0.00
Taxes / mo$208.33$208.33
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$0.00$0.00
Total monthly$1,927.40$1,961.19
Cash to close$0$25,000