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$286,089$272,700
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,430$0
Note rate4.170%7.400%
Blended rate4.170%7.640%
1st payment$1,514.43$1,888.12
2nd payment$0.00$0.00
Taxes / mo$586.56$586.56
Insurance / mo$150.00$150.00
MI / mo$0.00$54.54
HOA / mo$0.00$0.00
Total monthly$2,250.99$2,679.22
Cash to close$16,911$30,300