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$250,999$261,000
Remaining term (yrs)23.930.0
Secondary amount$0$0
Funding fee$1,255$0
Note rate3.03%7.24%
Blended rate3.03%7.48%
1st payment$1,227.54$1,778.71
2nd payment$0.00$0.00
Taxes / mo$209.50$209.50
Insurance / mo$150.00$150.00
MI / mo$0.00$52.20
HOA / mo$392.00$392.00
Total monthly$1,979.04$2,582.41
Cash to close$39,001$29,000