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$283,516$209,700
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,418$0
Note rate6.920%7.400%
Blended rate6.920%7.640%
1st payment$1,913.76$1,451.92
2nd payment$0.00$0.00
Taxes / mo$387.88$387.88
Insurance / mo$150.00$150.00
MI / mo$0.00$41.94
HOA / mo$260.00$260.00
Total monthly$2,711.64$2,291.74
Cash to close$0$23,300