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$255,986$247,410
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,280$0
Note rate6.660%7.320%
Blended rate6.660%7.560%
1st payment$1,693.32$1,699.54
2nd payment$0.00$0.00
Taxes / mo$409.67$409.67
Insurance / mo$150.00$150.00
MI / mo$0.00$49.48
HOA / mo$0.00$0.00
Total monthly$2,252.99$2,308.68
Cash to close$18,914$27,490