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$258,556$251,010
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,293$0
Note rate6.940%7.320%
Blended rate6.940%7.560%
1st payment$1,755.61$1,724.26
2nd payment$0.00$0.00
Taxes / mo$162.75$162.75
Insurance / mo$150.00$150.00
MI / mo$0.00$50.20
HOA / mo$0.00$0.00
Total monthly$2,068.36$2,087.22
Cash to close$20,344$27,890