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$272,848$273,600
Remaining term (yrs)25.730.0
Secondary amount$0$0
Funding fee$1,364$0
Note rate5.23%7.18%
Blended rate5.23%7.42%
1st payment$1,606.37$1,853.46
2nd payment$0.00$0.00
Taxes / mo$133.75$133.75
Insurance / mo$150.00$150.00
MI / mo$0.00$54.72
HOA / mo$130.00$130.00
Total monthly$2,020.12$2,321.93
Cash to close$31,152$30,400