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$255,708$251,100
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,279$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$1,727.69$1,738.57
2nd payment$0.00$0.00
Taxes / mo$619.50$619.50
Insurance / mo$150.00$150.00
MI / mo$0.00$50.22
HOA / mo$0.00$0.00
Total monthly$2,497.19$2,558.29
Cash to close$23,292$27,900