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$282,043$224,910
Remaining term (yrs)25.330.0
Secondary amount$0$0
Funding fee$1,410$0
Note rate4.42%7.24%
Blended rate4.42%7.48%
1st payment$1,540.97$1,532.76
2nd payment$0.00$0.00
Taxes / mo$142.42$142.42
Insurance / mo$150.00$150.00
MI / mo$0.00$44.98
HOA / mo$0.00$0.00
Total monthly$1,833.38$1,870.16
Cash to close$0$24,990