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$274,297$184,500
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$1,371$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$1,869.28$1,277.44
2nd payment$0.00$0.00
Taxes / mo$284.17$284.17
Insurance / mo$150.00$150.00
MI / mo$0.00$36.90
HOA / mo$90.00$90.00
Total monthly$2,393.45$1,838.51
Cash to close$0$20,500