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$284,850$282,600
Remaining term (yrs)25.230.0
Secondary amount$0$0
Funding fee$1,424$0
Note rate3.100%7.320%
Blended rate3.100%7.560%
1st payment$1,353.76$1,941.27
2nd payment$0.00$0.00
Taxes / mo$170.17$170.17
Insurance / mo$150.00$150.00
MI / mo$0.00$56.52
HOA / mo$26.67$26.67
Total monthly$1,700.59$2,344.62
Cash to close$29,150$31,400