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$280,075$269,955
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,400$0
Note rate6.880%7.400%
Blended rate6.880%7.640%
1st payment$1,888.83$1,869.11
2nd payment$0.00$0.00
Taxes / mo$432.36$432.36
Insurance / mo$150.00$150.00
MI / mo$0.00$53.99
HOA / mo$0.00$0.00
Total monthly$2,471.19$2,505.46
Cash to close$19,875$29,995