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$262,679$248,310
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,313$0
Note rate7.090%7.400%
Blended rate7.090%7.640%
1st payment$1,805.95$1,719.25
2nd payment$0.00$0.00
Taxes / mo$288.67$288.67
Insurance / mo$150.00$150.00
MI / mo$0.00$49.66
HOA / mo$0.00$0.00
Total monthly$2,244.62$2,207.58
Cash to close$13,221$27,590