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$290,584$244,800
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,453$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$1,936.95$1,694.95
2nd payment$0.00$0.00
Taxes / mo$162.83$162.83
Insurance / mo$150.00$150.00
MI / mo$0.00$48.96
HOA / mo$387.00$387.00
Total monthly$2,636.79$2,443.74
Cash to close$0$27,200