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$260,220$270,000
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,301$0
Note rate6.920%7.320%
Blended rate6.920%7.560%
1st payment$1,795.81$1,854.71
2nd payment$0.00$0.00
Taxes / mo$179.92$179.92
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$0.00$0.00
Total monthly$2,125.73$2,238.63
Cash to close$39,780$30,000