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$243,544$242,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,218$0
Note rate6.730%7.400%
Blended rate6.730%7.640%
1st payment$1,639.74$1,676.25
2nd payment$0.00$0.00
Taxes / mo$181.25$181.25
Insurance / mo$150.00$150.00
MI / mo$0.00$48.42
HOA / mo$0.00$0.00
Total monthly$1,970.99$2,055.92
Cash to close$25,456$26,900