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$244,639$238,500
Remaining term (yrs)28.630.0
Secondary amount$0$0
Funding fee$1,223$0
Note rate6.830%7.400%
Blended rate6.830%7.640%
1st payment$1,621.21$1,651.33
2nd payment$0.00$0.00
Taxes / mo$52.92$52.92
Insurance / mo$150.00$150.00
MI / mo$0.00$47.70
HOA / mo$220.00$220.00
Total monthly$2,044.13$2,121.94
Cash to close$20,361$26,500