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$255,231$188,910
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,276$0
Note rate6.600%7.320%
Blended rate6.600%7.560%
1st payment$1,678.45$1,297.68
2nd payment$0.00$0.00
Taxes / mo$119.40$119.40
Insurance / mo$150.00$150.00
MI / mo$0.00$37.78
HOA / mo$0.00$0.00
Total monthly$1,947.85$1,604.87
Cash to close$0$20,990