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$240,286$237,150
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,201$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$1,584.18$1,641.98
2nd payment$0.00$0.00
Taxes / mo$22.50$22.50
Insurance / mo$150.00$150.00
MI / mo$0.00$47.43
HOA / mo$186.00$186.00
Total monthly$1,942.68$2,047.91
Cash to close$23,214$26,350