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$249,335$251,100
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,247$0
Note rate7.100%7.400%
Blended rate7.100%7.640%
1st payment$1,715.85$1,738.57
2nd payment$0.00$0.00
Taxes / mo$424.75$424.75
Insurance / mo$150.00$150.00
MI / mo$0.00$50.22
HOA / mo$0.00$0.00
Total monthly$2,290.60$2,363.54
Cash to close$29,665$27,900