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$246,989$242,910
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,235$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,586.61$1,681.86
2nd payment$0.00$0.00
Taxes / mo$156.92$156.92
Insurance / mo$150.00$150.00
MI / mo$0.00$48.58
HOA / mo$1.25$1.25
Total monthly$1,894.78$2,038.61
Cash to close$22,911$26,990