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$254,264$258,300
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,271$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$1,734.17$1,788.42
2nd payment$0.00$0.00
Taxes / mo$239.17$239.17
Insurance / mo$150.00$150.00
MI / mo$0.00$51.66
HOA / mo$0.00$0.00
Total monthly$2,123.33$2,229.24
Cash to close$32,736$28,700