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$269,123$213,390
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,346$0
Note rate6.420%7.400%
Blended rate6.420%7.640%
1st payment$1,760.80$1,477.47
2nd payment$0.00$0.00
Taxes / mo$198.67$198.67
Insurance / mo$150.00$150.00
MI / mo$0.00$42.68
HOA / mo$0.00$0.00
Total monthly$2,109.47$1,868.81
Cash to close$0$23,710