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$261,380$247,499
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,307$0
Note rate6.950%7.320%
Blended rate6.950%7.560%
1st payment$1,757.72$1,700.15
2nd payment$0.00$0.00
Taxes / mo$511.42$511.42
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$0.00$0.00
Total monthly$2,419.14$2,411.06
Cash to close$13,619$27,500