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$283,348$193,235
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,417$0
Note rate6.570%7.400%
Blended rate6.570%7.640%
1st payment$1,874.41$1,337.92
2nd payment$0.00$0.00
Taxes / mo$279.75$279.75
Insurance / mo$150.00$150.00
MI / mo$0.00$38.65
HOA / mo$0.00$0.00
Total monthly$2,304.16$1,806.32
Cash to close$0$21,471