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$283,293$287,100
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,416$0
Note rate6.090%7.400%
Blended rate6.090%7.640%
1st payment$1,723.43$1,987.82
2nd payment$0.00$0.00
Taxes / mo$135.25$135.25
Insurance / mo$150.00$150.00
MI / mo$0.00$57.42
HOA / mo$0.00$0.00
Total monthly$2,008.68$2,330.49
Cash to close$35,707$31,900