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$283,626$274,500
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,418$0
Note rate6.600%7.400%
Blended rate6.600%7.640%
1st payment$1,865.18$1,900.58
2nd payment$0.00$0.00
Taxes / mo$365.50$365.50
Insurance / mo$150.00$150.00
MI / mo$0.00$54.90
HOA / mo$0.00$0.00
Total monthly$2,380.68$2,470.98
Cash to close$21,374$30,500