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$245,314$242,100
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,227$0
Note rate6.850%7.320%
Blended rate6.850%7.560%
1st payment$1,628.92$1,663.06
2nd payment$0.00$0.00
Taxes / mo$133.71$133.71
Insurance / mo$150.00$150.00
MI / mo$0.00$48.42
HOA / mo$433.33$433.33
Total monthly$2,345.95$2,428.51
Cash to close$23,686$26,900