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$291,162$287,100
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,456$0
Note rate6.65%7.24%
Blended rate6.65%7.48%
1st payment$1,947.63$1,956.58
2nd payment$0.00$0.00
Taxes / mo$156.00$156.00
Insurance / mo$150.00$150.00
MI / mo$0.00$57.42
HOA / mo$0.00$0.00
Total monthly$2,253.63$2,320.00
Cash to close$27,838$31,900