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$283,561$291,600
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,418$0
Note rate6.470%7.400%
Blended rate6.470%7.640%
1st payment$1,827.28$2,018.98
2nd payment$0.00$0.00
Taxes / mo$657.58$657.58
Insurance / mo$150.00$150.00
MI / mo$0.00$58.32
HOA / mo$7.08$7.08
Total monthly$2,641.94$2,891.96
Cash to close$40,439$32,400