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$240,765$238,410
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,204$0
Note rate6.540%7.400%
Blended rate6.540%7.640%
1st payment$1,589.93$1,650.70
2nd payment$0.00$0.00
Taxes / mo$239.00$239.00
Insurance / mo$150.00$150.00
MI / mo$0.00$47.68
HOA / mo$0.00$0.00
Total monthly$1,978.93$2,087.38
Cash to close$24,135$26,490