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$255,162$234,000
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,276$0
Note rate6.01%7.18%
Blended rate6.01%7.42%
1st payment$1,560.60$1,585.20
2nd payment$0.00$0.00
Taxes / mo$56.75$56.75
Insurance / mo$150.00$150.00
MI / mo$0.00$46.80
HOA / mo$150.00$150.00
Total monthly$1,917.35$1,988.75
Cash to close$4,838$26,000