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$254,413$261,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,272$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$1,710.62$1,807.11
2nd payment$0.00$0.00
Taxes / mo$5.17$5.17
Insurance / mo$150.00$150.00
MI / mo$0.00$52.20
HOA / mo$0.00$0.00
Total monthly$1,865.79$2,014.48
Cash to close$35,587$29,000