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$270,242$242,190
Remaining term (yrs)28.330.0
Secondary amount$0$0
Funding fee$1,351$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$1,801.21$1,676.87
2nd payment$0.00$0.00
Taxes / mo$224.25$224.25
Insurance / mo$150.00$150.00
MI / mo$0.00$48.44
HOA / mo$33.33$33.33
Total monthly$2,208.79$2,132.89
Cash to close$0$26,910