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$277,547$269,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,388$0
Note rate4.990%7.320%
Blended rate4.990%7.560%
1st payment$1,587.18$1,854.09
2nd payment$0.00$0.00
Taxes / mo$125.67$125.67
Insurance / mo$150.00$150.00
MI / mo$0.00$53.98
HOA / mo$0.00$0.00
Total monthly$1,862.85$2,183.74
Cash to close$22,353$29,990