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$273,524$278,100
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,368$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$1,771.51$1,925.51
2nd payment$0.00$0.00
Taxes / mo$42.83$42.83
Insurance / mo$150.00$150.00
MI / mo$0.00$55.62
HOA / mo$0.00$0.00
Total monthly$1,964.34$2,173.96
Cash to close$35,476$30,900