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$283,186$274,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,416$0
Note rate7.090%7.400%
Blended rate7.090%7.640%
1st payment$1,946.94$1,900.58
2nd payment$0.00$0.00
Taxes / mo$254.17$254.17
Insurance / mo$150.00$150.00
MI / mo$0.00$54.90
HOA / mo$0.00$0.00
Total monthly$2,351.10$2,359.65
Cash to close$21,814$30,500