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$278,329$269,910
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,392$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,786.14$1,868.80
2nd payment$0.00$0.00
Taxes / mo$300.83$300.83
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$673.00$673.00
Total monthly$2,909.98$3,046.62
Cash to close$21,571$29,990