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$259,576$247,500
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,298$0
Note rate5.410%7.400%
Blended rate5.410%7.640%
1st payment$1,551.55$1,713.64
2nd payment$0.00$0.00
Taxes / mo$318.83$318.83
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$210.00$210.00
Total monthly$2,230.38$2,441.97
Cash to close$15,424$27,500