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$257,133$242,910
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,286$0
Note rate6.960%7.400%
Blended rate6.960%7.640%
1st payment$1,765.63$1,681.86
2nd payment$0.00$0.00
Taxes / mo$671.46$671.46
Insurance / mo$150.00$150.00
MI / mo$0.00$48.58
HOA / mo$0.00$0.00
Total monthly$2,587.08$2,551.90
Cash to close$12,767$26,990