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$286,767$269,820
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,434$0
Note rate5.520%7.320%
Blended rate5.520%7.560%
1st payment$1,735.59$1,853.48
2nd payment$0.00$0.00
Taxes / mo$74.25$74.25
Insurance / mo$150.00$150.00
MI / mo$0.00$53.96
HOA / mo$0.00$0.00
Total monthly$1,959.84$2,131.69
Cash to close$13,033$29,980