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$293,863$265,500
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,469$0
Note rate6.760%7.400%
Blended rate6.760%7.640%
1st payment$1,941.30$1,838.27
2nd payment$0.00$0.00
Taxes / mo$176.39$176.39
Insurance / mo$150.00$150.00
MI / mo$0.00$53.10
HOA / mo$0.00$0.00
Total monthly$2,267.69$2,217.76
Cash to close$1,137$29,500