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$268,771$251,550
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,344$0
Note rate5.300%7.400%
Blended rate5.300%7.640%
1st payment$1,593.57$1,741.68
2nd payment$0.00$0.00
Taxes / mo$203.58$203.58
Insurance / mo$150.00$150.00
MI / mo$0.00$50.31
HOA / mo$100.00$100.00
Total monthly$2,047.15$2,245.57
Cash to close$10,729$27,950