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$246,052$256,410
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$1,230$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$1,556.43$1,775.33
2nd payment$0.00$0.00
Taxes / mo$101.42$101.42
Insurance / mo$150.00$150.00
MI / mo$0.00$51.28
HOA / mo$0.00$0.00
Total monthly$1,807.84$2,078.03
Cash to close$38,848$28,490