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$283,670$274,050
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,418$0
Note rate6.890%7.400%
Blended rate6.890%7.640%
1st payment$1,907.34$1,897.47
2nd payment$0.00$0.00
Taxes / mo$85.33$85.33
Insurance / mo$150.00$150.00
MI / mo$0.00$54.81
HOA / mo$0.00$0.00
Total monthly$2,142.68$2,187.61
Cash to close$20,830$30,450