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$286,671$295,200
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,433$0
Note rate4.17%7.18%
Blended rate4.17%7.42%
1st payment$1,520.28$1,999.79
2nd payment$0.00$0.00
Taxes / mo$31.58$31.58
Insurance / mo$150.00$150.00
MI / mo$0.00$59.04
HOA / mo$0.00$0.00
Total monthly$1,701.86$2,240.41
Cash to close$41,329$32,800