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$260,802$252,000
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,304$0
Note rate5.230%7.400%
Blended rate5.230%7.640%
1st payment$1,535.45$1,744.80
2nd payment$0.00$0.00
Taxes / mo$525.57$525.57
Insurance / mo$150.00$150.00
MI / mo$0.00$50.40
HOA / mo$0.00$0.00
Total monthly$2,211.03$2,470.77
Cash to close$19,198$28,000