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$274,610$251,910
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,373$0
Note rate6.600%7.320%
Blended rate6.600%7.560%
1st payment$1,826.03$1,730.45
2nd payment$0.00$0.00
Taxes / mo$797.25$797.25
Insurance / mo$150.00$150.00
MI / mo$0.00$50.38
HOA / mo$0.00$0.00
Total monthly$2,773.28$2,728.08
Cash to close$5,290$27,990