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$274,395$256,950
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,372$0
Note rate6.940%7.320%
Blended rate6.940%7.560%
1st payment$1,857.61$1,765.07
2nd payment$0.00$0.00
Taxes / mo$136.75$136.75
Insurance / mo$150.00$150.00
MI / mo$0.00$51.39
HOA / mo$0.00$0.00
Total monthly$2,144.36$2,103.21
Cash to close$11,105$28,550