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$280,999$269,910
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,405$0
Note rate3.110%7.400%
Blended rate3.110%7.640%
1st payment$1,334.05$1,868.80
2nd payment$0.00$0.00
Taxes / mo$165.00$165.00
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$0.00$0.00
Total monthly$1,649.05$2,237.78
Cash to close$18,901$29,990