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$292,654$287,325
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,463$0
Note rate6.600%7.320%
Blended rate6.600%7.560%
1st payment$1,924.55$1,973.72
2nd payment$0.00$0.00
Taxes / mo$266.04$266.04
Insurance / mo$150.00$150.00
MI / mo$0.00$57.47
HOA / mo$9.58$9.58
Total monthly$2,350.17$2,456.81
Cash to close$26,596$31,925