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$262,282$247,500
Remaining term (yrs)12.930.0
Secondary amount$0$0
Funding fee$1,311$0
Note rate5.270%7.400%
Blended rate5.270%7.640%
1st payment$2,315.70$1,713.64
2nd payment$0.00$0.00
Taxes / mo$208.75$208.75
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$342.00$342.00
Total monthly$3,016.45$2,463.89
Cash to close$12,718$27,500