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$277,011$283,500
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,385$0
Note rate5.250%7.400%
Blended rate5.250%7.640%
1st payment$1,573.23$1,962.90
2nd payment$0.00$0.00
Taxes / mo$254.08$254.08
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$0.00$0.00
Total monthly$1,977.31$2,423.68
Cash to close$37,989$31,500