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$287,710$279,810
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,439$0
Note rate6.610%7.400%
Blended rate6.610%7.640%
1st payment$1,893.89$1,937.35
2nd payment$0.00$0.00
Taxes / mo$259.08$259.08
Insurance / mo$150.00$150.00
MI / mo$0.00$55.96
HOA / mo$0.00$0.00
Total monthly$2,302.97$2,402.39
Cash to close$23,190$31,090