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$235,817$229,500
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,179$0
Note rate6.470%7.320%
Blended rate6.470%7.560%
1st payment$1,519.62$1,576.51
2nd payment$0.00$0.00
Taxes / mo$625.50$625.50
Insurance / mo$150.00$150.00
MI / mo$0.00$45.90
HOA / mo$0.00$0.00
Total monthly$2,295.12$2,397.91
Cash to close$19,183$25,500