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$283,263$260,910
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,416$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$1,803.50$1,806.49
2nd payment$0.00$0.00
Taxes / mo$80.24$80.24
Insurance / mo$150.00$150.00
MI / mo$0.00$52.18
HOA / mo$0.00$0.00
Total monthly$2,033.74$2,088.91
Cash to close$6,637$28,990