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$243,401$224,910
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,217$0
Note rate6.880%7.400%
Blended rate6.880%7.640%
1st payment$1,643.16$1,557.23
2nd payment$0.00$0.00
Taxes / mo$208.25$208.25
Insurance / mo$150.00$150.00
MI / mo$0.00$44.98
HOA / mo$0.00$0.00
Total monthly$2,001.41$1,960.46
Cash to close$6,499$24,990