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$241,755$233,999
Remaining term (yrs)25.530.0
Secondary amount$0$0
Funding fee$1,209$0
Note rate4.950%7.400%
Blended rate4.950%7.640%
1st payment$1,387.80$1,620.16
2nd payment$0.00$0.00
Taxes / mo$115.58$115.58
Insurance / mo$150.00$150.00
MI / mo$0.00$46.80
HOA / mo$201.00$201.00
Total monthly$1,854.39$2,133.55
Cash to close$18,244$26,000