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$245,969$247,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,230$0
Note rate6.5%7.18%
Blended rate6.5%7.42%
1st payment$1,627.58$1,676.65
2nd payment$0.00$0.00
Taxes / mo$190.50$190.50
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$375.00$375.00
Total monthly$2,343.08$2,441.65
Cash to close$29,031$27,500