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$279,280$269,999
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,396$0
Note rate7.090%7.400%
Blended rate7.090%7.640%
1st payment$1,920.08$1,869.42
2nd payment$0.00$0.00
Taxes / mo$26.50$26.50
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$0.00$0.00
Total monthly$2,096.58$2,099.92
Cash to close$20,719$30,000