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$290,813$277,650
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,454$0
Note rate6.460%7.400%
Blended rate6.460%7.640%
1st payment$1,837.24$1,922.39
2nd payment$0.00$0.00
Taxes / mo$88.33$88.33
Insurance / mo$150.00$150.00
MI / mo$0.00$55.53
HOA / mo$112.00$112.00
Total monthly$2,187.57$2,328.26
Cash to close$17,687$30,850