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$294,059$288,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,470$0
Note rate6.810%7.320%
Blended rate6.810%7.560%
1st payment$1,986.30$1,978.36
2nd payment$0.00$0.00
Taxes / mo$191.33$191.33
Insurance / mo$150.00$150.00
MI / mo$0.00$57.60
HOA / mo$0.00$0.00
Total monthly$2,327.63$2,377.29
Cash to close$25,941$32,000