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$263,838$223,065
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,319$0
Note rate5.550%7.400%
Blended rate5.550%7.640%
1st payment$1,597.01$1,544.46
2nd payment$0.00$0.00
Taxes / mo$283.65$283.65
Insurance / mo$150.00$150.00
MI / mo$0.00$44.61
HOA / mo$18.75$18.75
Total monthly$2,049.41$2,041.47
Cash to close$0$24,785