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$297,233$265,950
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,486$0
Note rate5.230%7.320%
Blended rate5.230%7.560%
1st payment$1,747.28$1,826.89
2nd payment$0.00$0.00
Taxes / mo$168.67$168.67
Insurance / mo$150.00$150.00
MI / mo$0.00$53.19
HOA / mo$325.00$325.00
Total monthly$2,390.94$2,523.75
Cash to close$0$29,550