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$289,543$252,000
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,448$0
Note rate6.120%7.400%
Blended rate6.120%7.640%
1st payment$1,799.00$1,744.80
2nd payment$0.00$0.00
Taxes / mo$399.50$399.50
Insurance / mo$150.00$150.00
MI / mo$0.00$50.40
HOA / mo$0.00$0.00
Total monthly$2,348.50$2,344.70
Cash to close$0$28,000