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$250,937$243,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,255$0
Note rate6.670%7.320%
Blended rate6.670%7.560%
1st payment$1,639.74$1,669.24
2nd payment$0.00$0.00
Taxes / mo$247.92$247.92
Insurance / mo$150.00$150.00
MI / mo$0.00$48.60
HOA / mo$0.00$0.00
Total monthly$2,037.66$2,115.76
Cash to close$19,063$27,000