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$256,543$256,410
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,283$0
Note rate5.100%7.400%
Blended rate5.100%7.640%
1st payment$1,490.61$1,775.33
2nd payment$0.00$0.00
Taxes / mo$237.42$237.42
Insurance / mo$150.00$150.00
MI / mo$0.00$51.28
HOA / mo$0.00$0.00
Total monthly$1,878.03$2,214.03
Cash to close$28,357$28,490