Comparison

Side-by-side payments and cash to close

Lowest monthly: Current Market Conventional

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$280,691$260,910
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,403$0
Note rate6.840%7.400%
Blended rate6.840%7.640%
1st payment$1,870.80$1,806.49
2nd payment$0.00$0.00
Taxes / mo$134.62$134.62
Insurance / mo$150.00$150.00
MI / mo$0.00$52.18
HOA / mo$0.00$0.00
Total monthly$2,155.42$2,143.29
Cash to close$9,209$28,990