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$294,145$265,500
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,471$0
Note rate6.670%7.400%
Blended rate6.670%7.640%
1st payment$1,949.71$1,838.27
2nd payment$0.00$0.00
Taxes / mo$245.83$245.83
Insurance / mo$150.00$150.00
MI / mo$0.00$53.10
HOA / mo$33.33$33.33
Total monthly$2,378.88$2,320.53
Cash to close$855$29,500