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$262,698$236,160
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,313$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$1,635.10$1,635.12
2nd payment$0.00$0.00
Taxes / mo$367.33$367.33
Insurance / mo$150.00$150.00
MI / mo$0.00$47.23
HOA / mo$50.00$50.00
Total monthly$2,202.43$2,249.69
Cash to close$0$26,240