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$289,687$290,610
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,448$0
Note rate3.760%7.400%
Blended rate3.760%7.640%
1st payment$1,470.48$2,012.12
2nd payment$0.00$0.00
Taxes / mo$359.31$359.31
Insurance / mo$150.00$150.00
MI / mo$0.00$58.12
HOA / mo$0.00$0.00
Total monthly$1,979.79$2,579.55
Cash to close$33,213$32,290