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$241,255$224,910
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,206$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$1,586.18$1,544.98
2nd payment$0.00$0.00
Taxes / mo$208.25$208.25
Insurance / mo$150.00$150.00
MI / mo$0.00$44.98
HOA / mo$0.00$0.00
Total monthly$1,944.43$1,948.21
Cash to close$8,645$24,990