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$237,635$247,500
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,188$0
Note rate6.270%7.320%
Blended rate6.270%7.560%
1st payment$1,534.15$1,700.15
2nd payment$0.00$0.00
Taxes / mo$149.42$149.42
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$0.00$0.00
Total monthly$1,833.57$2,049.07
Cash to close$37,365$27,500