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$295,021$254,700
Remaining term (yrs)29.530.0
Secondary amount$0$0
Funding fee$1,475$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,871.55$1,763.49
2nd payment$0.00$0.00
Taxes / mo$235.83$235.83
Insurance / mo$150.00$150.00
MI / mo$0.00$50.94
HOA / mo$0.00$0.00
Total monthly$2,257.39$2,200.26
Cash to close$0$28,300