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$224,677$236,250
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,123$0
Note rate6.280%7.400%
Blended rate6.280%7.640%
1st payment$1,448.38$1,635.75
2nd payment$0.00$0.00
Taxes / mo$409.67$409.67
Insurance / mo$150.00$150.00
MI / mo$0.00$47.25
HOA / mo$0.00$0.00
Total monthly$2,008.05$2,242.66
Cash to close$37,823$26,250