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$281,817$239,400
Remaining term (yrs)26.130.0
Secondary amount$0$0
Funding fee$1,409$0
Note rate6.950%7.400%
Blended rate6.950%7.640%
1st payment$1,948.11$1,657.56
2nd payment$0.00$0.00
Taxes / mo$221.67$221.67
Insurance / mo$150.00$150.00
MI / mo$0.00$47.88
HOA / mo$543.00$543.00
Total monthly$2,862.78$2,620.10
Cash to close$0$26,600