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$283,989$269,910
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,420$0
Note rate6.320%7.400%
Blended rate6.320%7.640%
1st payment$1,798.80$1,868.80
2nd payment$0.00$0.00
Taxes / mo$267.67$267.67
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$405.00$405.00
Total monthly$2,621.47$2,745.45
Cash to close$15,911$29,990