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$283,678$274,410
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,418$0
Note rate6.480%7.320%
Blended rate6.480%7.560%
1st payment$1,871.26$1,885.01
2nd payment$0.00$0.00
Taxes / mo$209.83$209.83
Insurance / mo$150.00$150.00
MI / mo$0.00$54.88
HOA / mo$35.00$35.00
Total monthly$2,266.09$2,334.72
Cash to close$21,222$30,490