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$279,590$267,750
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,398$0
Note rate3.890%7.320%
Blended rate3.890%7.560%
1st payment$1,439.20$1,839.26
2nd payment$0.00$0.00
Taxes / mo$148.92$148.92
Insurance / mo$150.00$150.00
MI / mo$0.00$53.55
HOA / mo$50.00$50.00
Total monthly$1,788.11$2,241.72
Cash to close$17,910$29,750