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$275,762$265,500
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,379$0
Note rate2.800%7.320%
Blended rate2.800%7.560%
1st payment$1,279.19$1,823.80
2nd payment$0.00$0.00
Taxes / mo$93.92$93.92
Insurance / mo$150.00$150.00
MI / mo$0.00$53.10
HOA / mo$150.00$150.00
Total monthly$1,673.11$2,270.82
Cash to close$19,238$29,500