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$254,963$161,910
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,275$0
Note rate5.410%7.320%
Blended rate5.410%7.560%
1st payment$1,523.97$1,112.21
2nd payment$0.00$0.00
Taxes / mo$116.50$116.50
Insurance / mo$150.00$150.00
MI / mo$0.00$32.38
HOA / mo$359.00$359.00
Total monthly$2,149.47$1,770.09
Cash to close$0$17,990