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$247,741$251,100
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,239$0
Note rate6.620%7.400%
Blended rate6.620%7.640%
1st payment$1,607.63$1,738.57
2nd payment$0.00$0.00
Taxes / mo$49.66$49.66
Insurance / mo$150.00$150.00
MI / mo$0.00$50.22
HOA / mo$0.00$0.00
Total monthly$1,807.29$1,988.45
Cash to close$31,259$27,900