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$246,871$256,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,234$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$1,653.56$1,775.95
2nd payment$0.00$0.00
Taxes / mo$335.72$335.72
Insurance / mo$150.00$150.00
MI / mo$0.00$51.30
HOA / mo$107.00$107.00
Total monthly$2,246.28$2,419.97
Cash to close$38,129$28,500