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$280,579$269,910
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,403$0
Note rate4.500%7.320%
Blended rate4.500%7.560%
1st payment$1,474.58$1,854.09
2nd payment$0.00$0.00
Taxes / mo$500.25$500.25
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$25.00$25.00
Total monthly$2,149.83$2,583.33
Cash to close$19,321$29,990