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$281,254$225,000
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,406$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$1,899.80$1,557.85
2nd payment$0.00$0.00
Taxes / mo$250.17$250.17
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$257.00$257.00
Total monthly$2,556.97$2,260.02
Cash to close$0$25,000