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$255,307$265,500
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,277$0
Note rate6.060%7.400%
Blended rate6.060%7.640%
1st payment$1,549.83$1,838.27
2nd payment$0.00$0.00
Taxes / mo$245.83$245.83
Insurance / mo$150.00$150.00
MI / mo$0.00$53.10
HOA / mo$20.83$20.83
Total monthly$1,966.49$2,308.03
Cash to close$39,693$29,500