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$254,570$234,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,273$0
Note rate2.980%7.400%
Blended rate2.980%7.640%
1st payment$1,204.56$1,620.17
2nd payment$0.00$0.00
Taxes / mo$370.92$370.92
Insurance / mo$150.00$150.00
MI / mo$0.00$46.80
HOA / mo$0.00$0.00
Total monthly$1,725.47$2,187.89
Cash to close$5,430$26,000