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$252,203$251,099
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,261$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$1,699.11$1,738.56
2nd payment$0.00$0.00
Taxes / mo$380.67$380.67
Insurance / mo$150.00$150.00
MI / mo$0.00$50.22
HOA / mo$0.00$0.00
Total monthly$2,229.77$2,319.45
Cash to close$26,796$27,900