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$247,825$243,000
Remaining term (yrs)25.030.0
Secondary amount$0$0
Funding fee$1,239$0
Note rate2.800%7.400%
Blended rate2.800%7.640%
1st payment$1,144.34$1,682.48
2nd payment$0.00$0.00
Taxes / mo$63.83$63.83
Insurance / mo$150.00$150.00
MI / mo$0.00$48.60
HOA / mo$314.00$314.00
Total monthly$1,672.17$2,258.92
Cash to close$22,175$27,000