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$239,163$243,000
Remaining term (yrs)24.930.0
Secondary amount$0$0
Funding fee$1,196$0
Note rate2.800%7.320%
Blended rate2.800%7.560%
1st payment$1,109.41$1,669.24
2nd payment$0.00$0.00
Taxes / mo$220.25$220.25
Insurance / mo$150.00$150.00
MI / mo$0.00$48.60
HOA / mo$412.00$412.00
Total monthly$1,891.66$2,500.09
Cash to close$30,837$27,000