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$274,004$256,491
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,370$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$1,842.84$1,775.89
2nd payment$0.00$0.00
Taxes / mo$237.49$237.49
Insurance / mo$150.00$150.00
MI / mo$0.00$51.30
HOA / mo$325.00$325.00
Total monthly$2,555.33$2,539.68
Cash to close$10,986$28,499