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$290,996$116,910
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,455$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$1,912.01$809.46
2nd payment$0.00$0.00
Taxes / mo$72.30$72.30
Insurance / mo$150.00$150.00
MI / mo$0.00$23.38
HOA / mo$938.00$938.00
Total monthly$3,072.31$1,993.14
Cash to close$0$12,990