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$283,246$260,010
Remaining term (yrs)28.030.0
Secondary amount$0$0
Funding fee$1,416$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$1,895.20$1,800.26
2nd payment$0.00$0.00
Taxes / mo$450.25$450.25
Insurance / mo$150.00$150.00
MI / mo$0.00$52.00
HOA / mo$63.00$63.00
Total monthly$2,558.45$2,515.51
Cash to close$5,654$28,890