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$277,624$232,200
Remaining term (yrs)24.030.0
Secondary amount$0$0
Funding fee$1,388$0
Note rate2.900%7.320%
Blended rate2.900%7.560%
1st payment$1,332.76$1,595.05
2nd payment$0.00$0.00
Taxes / mo$168.06$168.06
Insurance / mo$150.00$150.00
MI / mo$0.00$46.44
HOA / mo$0.00$0.00
Total monthly$1,650.82$1,959.55
Cash to close$0$25,800