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$287,407$277,200
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,437$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$1,944.01$1,919.28
2nd payment$0.00$0.00
Taxes / mo$323.00$323.00
Insurance / mo$150.00$150.00
MI / mo$0.00$55.44
HOA / mo$27.00$27.00
Total monthly$2,444.01$2,474.72
Cash to close$20,593$30,800