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$282,461$233,100
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$1,412$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,864.60$1,613.94
2nd payment$0.00$0.00
Taxes / mo$84.33$84.33
Insurance / mo$150.00$150.00
MI / mo$0.00$46.62
HOA / mo$0.00$0.00
Total monthly$2,098.93$1,894.89
Cash to close$0$25,900