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$280,770$268,200
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,404$0
Note rate5.890%7.320%
Blended rate5.890%7.560%
1st payment$1,757.76$1,842.35
2nd payment$0.00$0.00
Taxes / mo$248.33$248.33
Insurance / mo$150.00$150.00
MI / mo$0.00$53.64
HOA / mo$12.50$12.50
Total monthly$2,168.59$2,306.82
Cash to close$17,230$29,800