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$275,717$270,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,379$0
Note rate5.130%7.320%
Blended rate5.130%7.560%
1st payment$1,599.52$1,854.71
2nd payment$0.00$0.00
Taxes / mo$192.67$192.67
Insurance / mo$150.00$150.00
MI / mo$0.00$54.00
HOA / mo$0.00$0.00
Total monthly$1,942.19$2,251.38
Cash to close$24,283$30,000