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$258,041$247,499
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,290$0
Note rate6.960%7.320%
Blended rate6.960%7.560%
1st payment$1,766.28$1,700.15
2nd payment$0.00$0.00
Taxes / mo$450.00$450.00
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$37.00$37.00
Total monthly$2,403.28$2,386.65
Cash to close$16,958$27,500