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$275,418$278,910
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,377$0
Note rate5.520%7.400%
Blended rate5.520%7.640%
1st payment$1,666.90$1,931.12
2nd payment$0.00$0.00
Taxes / mo$402.00$402.00
Insurance / mo$150.00$150.00
MI / mo$0.00$55.78
HOA / mo$15.83$15.83
Total monthly$2,234.73$2,554.73
Cash to close$34,482$30,990