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$276,740$274,455
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,384$0
Note rate5.250%7.320%
Blended rate5.250%7.560%
1st payment$1,632.57$1,885.32
2nd payment$0.00$0.00
Taxes / mo$107.50$107.50
Insurance / mo$150.00$150.00
MI / mo$0.00$54.89
HOA / mo$0.00$0.00
Total monthly$1,890.07$2,197.71
Cash to close$28,210$30,495