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$297,235$261,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,486$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$2,002.61$1,807.11
2nd payment$0.00$0.00
Taxes / mo$357.17$357.17
Insurance / mo$150.00$150.00
MI / mo$0.00$52.20
HOA / mo$0.00$0.00
Total monthly$2,509.78$2,366.48
Cash to close$0$29,000