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$243,637$247,455
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,218$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$1,623.88$1,713.33
2nd payment$0.00$0.00
Taxes / mo$714.00$714.00
Insurance / mo$150.00$150.00
MI / mo$0.00$49.49
HOA / mo$0.00$0.00
Total monthly$2,487.88$2,626.82
Cash to close$31,313$27,495