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$283,101$278,910
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,416$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$1,859.08$1,931.12
2nd payment$0.00$0.00
Taxes / mo$258.25$258.25
Insurance / mo$150.00$150.00
MI / mo$0.00$55.78
HOA / mo$0.00$0.00
Total monthly$2,267.33$2,395.15
Cash to close$26,799$30,990