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$267,100$247,500
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$1,335$0
Note rate6.890%7.320%
Blended rate6.890%7.560%
1st payment$1,775.76$1,700.15
2nd payment$0.00$0.00
Taxes / mo$112.75$112.75
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$0.00$0.00
Total monthly$2,038.51$2,012.40
Cash to close$7,900$27,500