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$258,164$247,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,291$0
Note rate6.390%7.400%
Blended rate6.390%7.640%
1st payment$1,678.23$1,713.64
2nd payment$0.00$0.00
Taxes / mo$639.33$639.33
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$0.00$0.00
Total monthly$2,467.56$2,552.47
Cash to close$16,836$27,500