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$292,303$283,500
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,462$0
Note rate6.770%7.400%
Blended rate6.770%7.640%
1st payment$1,923.72$1,962.90
2nd payment$0.00$0.00
Taxes / mo$101.06$101.06
Insurance / mo$150.00$150.00
MI / mo$0.00$56.70
HOA / mo$0.00$0.00
Total monthly$2,174.78$2,270.66
Cash to close$22,697$31,500