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$297,893$247,500
Remaining term (yrs)28.830.0
Secondary amount$0$0
Funding fee$1,489$0
Note rate6.810%7.320%
Blended rate6.810%7.560%
1st payment$1,966.53$1,700.15
2nd payment$0.00$0.00
Taxes / mo$43.83$43.83
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$0.00$0.00
Total monthly$2,160.37$1,943.49
Cash to close$0$27,500