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$259,496$260,550
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,297$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,710.99$1,804.00
2nd payment$0.00$0.00
Taxes / mo$307.75$307.75
Insurance / mo$150.00$150.00
MI / mo$0.00$52.11
HOA / mo$0.00$0.00
Total monthly$2,168.74$2,313.86
Cash to close$30,004$28,950