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$257,136$265,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,286$0
Note rate6.910%7.400%
Blended rate6.910%7.640%
1st payment$1,724.02$1,838.27
2nd payment$0.00$0.00
Taxes / mo$65.17$65.17
Insurance / mo$150.00$150.00
MI / mo$0.00$53.10
HOA / mo$0.00$0.00
Total monthly$1,939.18$2,106.54
Cash to close$37,864$29,500