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$263,415$238,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,317$0
Note rate0.000%7.320%
Blended rate0.000%7.560%
1st payment$731.71$1,638.33
2nd payment$0.00$0.00
Taxes / mo$265.17$265.17
Insurance / mo$150.00$150.00
MI / mo$0.00$47.70
HOA / mo$0.00$0.00
Total monthly$1,146.88$2,101.20
Cash to close$1,585$26,500