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$247,948$228,510
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,240$0
Note rate6.640%7.400%
Blended rate6.640%7.640%
1st payment$1,615.35$1,582.16
2nd payment$0.00$0.00
Taxes / mo$515.42$515.42
Insurance / mo$150.00$150.00
MI / mo$0.00$45.70
HOA / mo$0.00$0.00
Total monthly$2,280.77$2,293.28
Cash to close$5,952$25,390