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$290,818$278,100
Remaining term (yrs)30.130.0
Secondary amount$0$0
Funding fee$1,454$0
Note rate6.300%7.400%
Blended rate6.300%7.640%
1st payment$1,795.07$1,925.51
2nd payment$0.00$0.00
Taxes / mo$34.25$34.25
Insurance / mo$150.00$150.00
MI / mo$0.00$55.62
HOA / mo$0.00$0.00
Total monthly$1,979.32$2,165.38
Cash to close$18,182$30,900