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$274,563$257,355
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,373$0
Note rate6.720%7.400%
Blended rate6.720%7.640%
1st payment$1,810.17$1,781.87
2nd payment$0.00$0.00
Taxes / mo$664.92$664.92
Insurance / mo$150.00$150.00
MI / mo$0.00$51.47
HOA / mo$0.00$0.00
Total monthly$2,625.09$2,648.26
Cash to close$11,387$28,595