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$303,052$225,000
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,515$0
Note rate4.000%7.400%
Blended rate4.000%7.640%
1st payment$1,575.47$1,557.85
2nd payment$0.00$0.00
Taxes / mo$217.67$217.67
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$0.00$0.00
Total monthly$1,943.14$1,970.52
Cash to close$0$25,000