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$268,477$255,600
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,342$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$1,770.05$1,769.72
2nd payment$0.00$0.00
Taxes / mo$266.01$266.01
Insurance / mo$150.00$150.00
MI / mo$0.00$51.12
HOA / mo$0.00$0.00
Total monthly$2,186.06$2,236.85
Cash to close$15,523$28,400