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$277,533$269,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,388$0
Note rate7.500%7.320%
Blended rate7.500%7.560%
1st payment$1,992.76$1,848.53
2nd payment$0.00$0.00
Taxes / mo$249.17$249.17
Insurance / mo$150.00$150.00
MI / mo$0.00$53.82
HOA / mo$230.00$230.00
Total monthly$2,621.93$2,531.52
Cash to close$21,467$29,900