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$279,498$260,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,397$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$1,897.80$1,806.49
2nd payment$0.00$0.00
Taxes / mo$358.83$358.83
Insurance / mo$150.00$150.00
MI / mo$0.00$52.18
HOA / mo$0.00$0.00
Total monthly$2,406.63$2,367.50
Cash to close$10,402$28,990