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$280,015$268,650
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,400$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$1,865.01$1,860.08
2nd payment$0.00$0.00
Taxes / mo$169.33$169.33
Insurance / mo$150.00$150.00
MI / mo$0.00$53.73
HOA / mo$0.00$0.00
Total monthly$2,184.35$2,233.14
Cash to close$18,485$29,850