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$285,534$277,200
Remaining term (yrs)29.330.0
Secondary amount$0$0
Funding fee$1,428$0
Note rate6.180%7.400%
Blended rate6.180%7.640%
1st payment$1,757.12$1,919.28
2nd payment$0.00$0.00
Taxes / mo$256.67$256.67
Insurance / mo$150.00$150.00
MI / mo$0.00$55.44
HOA / mo$0.00$0.00
Total monthly$2,163.79$2,381.38
Cash to close$22,466$30,800