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$252,176$242,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,261$0
Note rate6.120%7.320%
Blended rate6.120%7.560%
1st payment$1,604.33$1,663.06
2nd payment$0.00$0.00
Taxes / mo$155.00$155.00
Insurance / mo$150.00$150.00
MI / mo$0.00$48.42
HOA / mo$0.00$0.00
Total monthly$1,909.33$2,016.48
Cash to close$16,824$26,900