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$272,147$267,300
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,361$0
Note rate6.630%7.320%
Blended rate6.630%7.560%
1st payment$1,762.71$1,836.17
2nd payment$0.00$0.00
Taxes / mo$247.50$247.50
Insurance / mo$150.00$150.00
MI / mo$0.00$53.46
HOA / mo$16.00$16.00
Total monthly$2,176.21$2,303.13
Cash to close$24,853$29,700