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$258,354$197,550
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,292$0
Note rate6.820%7.400%
Blended rate6.820%7.640%
1st payment$1,732.23$1,367.80
2nd payment$0.00$0.00
Taxes / mo$112.92$112.92
Insurance / mo$150.00$150.00
MI / mo$0.00$39.51
HOA / mo$392.00$392.00
Total monthly$2,387.15$2,062.22
Cash to close$0$21,950