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$260,514$229,500
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,303$0
Note rate6.920%7.320%
Blended rate6.920%7.560%
1st payment$1,795.81$1,576.51
2nd payment$0.00$0.00
Taxes / mo$120.82$120.82
Insurance / mo$150.00$150.00
MI / mo$0.00$45.90
HOA / mo$0.00$0.00
Total monthly$2,066.63$1,893.23
Cash to close$0$25,500