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$269,765$260,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,349$0
Note rate6.660%7.320%
Blended rate6.660%7.560%
1st payment$1,786.37$1,792.27
2nd payment$0.00$0.00
Taxes / mo$241.58$241.58
Insurance / mo$150.00$150.00
MI / mo$0.00$52.18
HOA / mo$49.67$49.67
Total monthly$2,227.63$2,285.71
Cash to close$20,135$28,990