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$258,828$258,300
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,294$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$1,743.85$1,788.42
2nd payment$0.00$0.00
Taxes / mo$578.50$578.50
Insurance / mo$150.00$150.00
MI / mo$0.00$51.66
HOA / mo$0.00$0.00
Total monthly$2,472.35$2,568.58
Cash to close$28,172$28,700