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$276,576$261,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,383$0
Note rate6.880%7.400%
Blended rate6.880%7.640%
1st payment$1,867.12$1,807.11
2nd payment$0.00$0.00
Taxes / mo$241.67$241.67
Insurance / mo$150.00$150.00
MI / mo$0.00$52.20
HOA / mo$16.67$16.67
Total monthly$2,275.46$2,267.65
Cash to close$13,424$29,000