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$262,955$269,055
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,315$0
Note rate6.330%7.400%
Blended rate6.330%7.640%
1st payment$1,707.56$1,862.88
2nd payment$0.00$0.00
Taxes / mo$630.33$630.33
Insurance / mo$150.00$150.00
MI / mo$0.00$53.81
HOA / mo$0.00$0.00
Total monthly$2,487.89$2,697.03
Cash to close$35,995$29,895