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$263,500$179,550
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,318$0
Note rate0.000%7.400%
Blended rate0.000%7.640%
1st payment$731.94$1,243.17
2nd payment$0.00$0.00
Taxes / mo$119.37$119.37
Insurance / mo$150.00$150.00
MI / mo$0.00$35.91
HOA / mo$266.00$266.00
Total monthly$1,267.32$1,814.45
Cash to close$0$19,950