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$296,570$292,410
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,483$0
Note rate6.260%7.400%
Blended rate6.260%7.640%
1st payment$1,910.43$2,024.59
2nd payment$0.00$0.00
Taxes / mo$483.33$483.33
Insurance / mo$150.00$150.00
MI / mo$0.00$58.48
HOA / mo$0.00$0.00
Total monthly$2,543.77$2,716.40
Cash to close$28,330$32,490