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$284,388$274,410
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,422$0
Note rate6.690%7.400%
Blended rate6.690%7.640%
1st payment$1,869.38$1,899.96
2nd payment$0.00$0.00
Taxes / mo$267.67$267.67
Insurance / mo$150.00$150.00
MI / mo$0.00$54.88
HOA / mo$405.00$405.00
Total monthly$2,692.05$2,777.51
Cash to close$20,512$30,490