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$277,624$220,950
Remaining term (yrs)24.030.0
Secondary amount$0$0
Funding fee$1,388$0
Note rate2.900%7.320%
Blended rate2.900%7.560%
1st payment$1,332.76$1,517.77
2nd payment$0.00$0.00
Taxes / mo$168.00$168.00
Insurance / mo$150.00$150.00
MI / mo$0.00$44.19
HOA / mo$0.00$0.00
Total monthly$1,650.76$1,879.96
Cash to close$0$24,550