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$239,982$233,100
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,200$0
Note rate6.420%7.400%
Blended rate6.420%7.640%
1st payment$1,573.90$1,613.94
2nd payment$0.00$0.00
Taxes / mo$697.17$697.17
Insurance / mo$150.00$150.00
MI / mo$0.00$46.62
HOA / mo$0.00$0.00
Total monthly$2,421.07$2,507.72
Cash to close$19,018$25,900