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$269,448$225,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,347$0
Note rate6.940%7.400%
Blended rate6.940%7.640%
1st payment$1,831.41$1,557.85
2nd payment$0.00$0.00
Taxes / mo$637.50$637.50
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$0.00$0.00
Total monthly$2,618.91$2,390.35
Cash to close$0$25,000