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$274,302$269,910
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,372$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$1,851.56$1,868.80
2nd payment$0.00$0.00
Taxes / mo$271.67$271.67
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$0.00$0.00
Total monthly$2,273.22$2,344.45
Cash to close$25,598$29,990