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$294,624$279,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,473$0
Note rate6.760%7.320%
Blended rate6.760%7.560%
1st payment$1,942.58$1,916.54
2nd payment$0.00$0.00
Taxes / mo$59.58$59.58
Insurance / mo$150.00$150.00
MI / mo$0.00$55.80
HOA / mo$25.00$25.00
Total monthly$2,177.16$2,206.92
Cash to close$15,376$31,000