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$263,741$189,900
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,319$0
Note rate6.500%7.320%
Blended rate6.500%7.560%
1st payment$1,717.45$1,304.48
2nd payment$0.00$0.00
Taxes / mo$118.00$118.00
Insurance / mo$150.00$150.00
MI / mo$0.00$37.98
HOA / mo$657.00$657.00
Total monthly$2,642.45$2,267.46
Cash to close$0$21,100