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$242,384$229,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,212$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$1,587.44$1,589.01
2nd payment$0.00$0.00
Taxes / mo$103.33$103.33
Insurance / mo$150.00$150.00
MI / mo$0.00$45.90
HOA / mo$0.00$0.00
Total monthly$1,840.77$1,888.24
Cash to close$12,616$25,500