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$283,294$265,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,416$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$1,779.72$1,838.27
2nd payment$0.00$0.00
Taxes / mo$156.75$156.75
Insurance / mo$150.00$150.00
MI / mo$0.00$53.10
HOA / mo$0.00$0.00
Total monthly$2,086.47$2,198.12
Cash to close$11,706$29,500