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$290,327$269,910
Remaining term (yrs)24.630.0
Secondary amount$0$0
Funding fee$1,452$0
Note rate2.900%7.400%
Blended rate2.900%7.640%
1st payment$1,371.09$1,868.80
2nd payment$0.00$0.00
Taxes / mo$112.33$112.33
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$22.92$22.92
Total monthly$1,656.34$2,208.04
Cash to close$9,573$29,990