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$254,137$238,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,271$0
Note rate6.580%7.320%
Blended rate6.580%7.560%
1st payment$1,694.54$1,638.33
2nd payment$0.00$0.00
Taxes / mo$165.08$165.08
Insurance / mo$150.00$150.00
MI / mo$0.00$47.70
HOA / mo$0.00$0.00
Total monthly$2,009.62$2,001.11
Cash to close$10,863$26,500