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$274,611$193,500
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$1,373$0
Note rate6.220%7.400%
Blended rate6.220%7.640%
1st payment$1,702.10$1,339.75
2nd payment$0.00$0.00
Taxes / mo$31.58$31.58
Insurance / mo$150.00$150.00
MI / mo$0.00$38.70
HOA / mo$0.00$0.00
Total monthly$1,883.68$1,560.04
Cash to close$0$21,500