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$283,129$252,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,416$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$1,821.20$1,744.80
2nd payment$0.00$0.00
Taxes / mo$539.50$539.50
Insurance / mo$150.00$150.00
MI / mo$0.00$50.40
HOA / mo$0.00$0.00
Total monthly$2,510.70$2,484.70
Cash to close$0$28,000