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$263,844$157,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,319$0
Note rate3.690%7.400%
Blended rate3.690%7.640%
1st payment$1,331.82$1,090.50
2nd payment$0.00$0.00
Taxes / mo$195.17$195.17
Insurance / mo$150.00$150.00
MI / mo$0.00$31.50
HOA / mo$96.00$96.00
Total monthly$1,772.99$1,563.16
Cash to close$0$17,500