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$241,128$215,910
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,206$0
Note rate7.030%7.400%
Blended rate7.030%7.640%
1st payment$1,656.44$1,494.92
2nd payment$0.00$0.00
Taxes / mo$121.40$121.40
Insurance / mo$150.00$150.00
MI / mo$0.00$43.18
HOA / mo$0.00$0.00
Total monthly$1,927.84$1,809.49
Cash to close$0$23,990