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$282,965$269,999
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,415$0
Note rate6.300%7.400%
Blended rate6.300%7.640%
1st payment$1,770.26$1,869.42
2nd payment$0.00$0.00
Taxes / mo$199.58$199.58
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$0.00$0.00
Total monthly$2,119.85$2,273.00
Cash to close$17,034$30,000