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$272,345$260,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,362$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$1,841.61$1,800.88
2nd payment$0.00$0.00
Taxes / mo$240.83$240.83
Insurance / mo$150.00$150.00
MI / mo$0.00$52.02
HOA / mo$0.00$0.00
Total monthly$2,232.45$2,243.73
Cash to close$16,655$28,900