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$294,941$253,800
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,475$0
Note rate6.570%7.400%
Blended rate6.570%7.640%
1st payment$1,951.10$1,757.26
2nd payment$0.00$0.00
Taxes / mo$126.42$126.42
Insurance / mo$150.00$150.00
MI / mo$0.00$50.76
HOA / mo$33.00$33.00
Total monthly$2,260.52$2,117.44
Cash to close$0$28,200