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$295,276$225,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,476$0
Note rate6.080%7.400%
Blended rate6.080%7.640%
1st payment$1,827.12$1,557.85
2nd payment$0.00$0.00
Taxes / mo$360.92$360.92
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$0.00$0.00
Total monthly$2,338.04$2,113.77
Cash to close$0$25,000