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$243,586$230,310
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,218$0
Note rate6.900%7.400%
Blended rate6.900%7.640%
1st payment$1,647.59$1,594.62
2nd payment$0.00$0.00
Taxes / mo$213.25$213.25
Insurance / mo$150.00$150.00
MI / mo$0.00$46.06
HOA / mo$0.00$0.00
Total monthly$2,010.84$2,003.93
Cash to close$12,314$25,590