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$290,691$215,910
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,453$0
Note rate4.980%7.400%
Blended rate4.980%7.640%
1st payment$1,671.15$1,494.92
2nd payment$0.00$0.00
Taxes / mo$75.70$75.70
Insurance / mo$150.00$150.00
MI / mo$0.00$43.18
HOA / mo$250.00$250.00
Total monthly$2,146.85$2,013.80
Cash to close$0$23,990