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$293,843$284,400
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,469$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$1,887.69$1,969.13
2nd payment$0.00$0.00
Taxes / mo$250.17$250.17
Insurance / mo$150.00$150.00
MI / mo$0.00$56.88
HOA / mo$0.00$0.00
Total monthly$2,287.86$2,426.17
Cash to close$22,157$31,600