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$279,315$247,050
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,397$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$1,880.08$1,710.52
2nd payment$0.00$0.00
Taxes / mo$619.77$619.77
Insurance / mo$150.00$150.00
MI / mo$0.00$49.41
HOA / mo$0.00$0.00
Total monthly$2,649.85$2,529.70
Cash to close$0$27,450