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$251,097$243,000
Remaining term (yrs)13.530.0
Secondary amount$0$0
Funding fee$1,255$0
Note rate5.830%7.400%
Blended rate5.830%7.640%
1st payment$2,233.66$1,682.48
2nd payment$0.00$0.00
Taxes / mo$91.00$91.00
Insurance / mo$150.00$150.00
MI / mo$0.00$48.60
HOA / mo$329.00$329.00
Total monthly$2,803.66$2,301.08
Cash to close$18,903$27,000