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$289,494$287,100
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,447$0
Note rate6.080%7.320%
Blended rate6.080%7.560%
1st payment$1,791.34$1,972.18
2nd payment$0.00$0.00
Taxes / mo$192.42$192.42
Insurance / mo$150.00$150.00
MI / mo$0.00$57.42
HOA / mo$0.00$0.00
Total monthly$2,133.76$2,372.01
Cash to close$29,506$31,900