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$277,403$251,910
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,387$0
Note rate6.560%7.320%
Blended rate6.560%7.560%
1st payment$1,782.34$1,730.45
2nd payment$0.00$0.00
Taxes / mo$140.92$140.92
Insurance / mo$150.00$150.00
MI / mo$0.00$50.38
HOA / mo$0.00$0.00
Total monthly$2,073.26$2,071.75
Cash to close$2,497$27,990