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$283,060$285,206
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,415$0
Note rate5.540%7.400%
Blended rate5.540%7.640%
1st payment$1,719.05$1,974.71
2nd payment$0.00$0.00
Taxes / mo$285.42$285.42
Insurance / mo$150.00$150.00
MI / mo$0.00$57.04
HOA / mo$257.00$257.00
Total monthly$2,411.47$2,724.16
Cash to close$33,835$31,690