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$243,391$220,500
Remaining term (yrs)29.730.0
Secondary amount$0$0
Funding fee$1,217$0
Note rate6.510%7.320%
Blended rate6.510%7.560%
1st payment$1,542.79$1,514.68
2nd payment$0.00$0.00
Taxes / mo$64.92$64.92
Insurance / mo$150.00$150.00
MI / mo$0.00$44.10
HOA / mo$400.00$400.00
Total monthly$2,157.70$2,173.70
Cash to close$1,609$24,500