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$266,872$225,000
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$1,334$0
Note rate6.09%7.24%
Blended rate6.09%7.48%
1st payment$1,694.98$1,533.37
2nd payment$0.00$0.00
Taxes / mo$83.42$83.42
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$550.00$550.00
Total monthly$2,478.39$2,361.79
Cash to close$0$25,000