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$274,950$233,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,375$0
Note rate6.810%7.320%
Blended rate6.810%7.560%
1st payment$1,859.23$1,601.24
2nd payment$0.00$0.00
Taxes / mo$66.67$66.67
Insurance / mo$150.00$150.00
MI / mo$0.00$46.62
HOA / mo$309.00$309.00
Total monthly$2,384.90$2,173.52
Cash to close$0$25,900