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$297,626$292,499
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,488$0
Note rate6.860%7.320%
Blended rate6.860%7.560%
1st payment$1,997.30$2,009.27
2nd payment$0.00$0.00
Taxes / mo$57.17$57.17
Insurance / mo$150.00$150.00
MI / mo$0.00$58.50
HOA / mo$0.00$0.00
Total monthly$2,204.46$2,274.93
Cash to close$27,373$32,500