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$259,125$253,799
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,296$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,673.08$1,757.25
2nd payment$0.00$0.00
Taxes / mo$316.55$316.55
Insurance / mo$150.00$150.00
MI / mo$0.00$50.76
HOA / mo$0.00$0.00
Total monthly$2,139.64$2,274.57
Cash to close$22,874$28,200