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$275,872$249,300
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,379$0
Note rate5.090%7.400%
Blended rate5.090%7.640%
1st payment$1,601.30$1,726.10
2nd payment$0.00$0.00
Taxes / mo$416.75$416.75
Insurance / mo$150.00$150.00
MI / mo$0.00$49.86
HOA / mo$0.00$0.00
Total monthly$2,168.05$2,342.71
Cash to close$1,128$27,700