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$258,468$252,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,292$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,704.21$1,744.80
2nd payment$0.00$0.00
Taxes / mo$857.75$857.75
Insurance / mo$150.00$150.00
MI / mo$0.00$50.40
HOA / mo$0.00$0.00
Total monthly$2,711.96$2,802.95
Cash to close$21,532$28,000