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$224,781$225,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$1,124$0
Note rate7.440%7.400%
Blended rate7.440%7.640%
1st payment$1,603.50$1,557.85
2nd payment$0.00$0.00
Taxes / mo$584.42$584.42
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$0.00$0.00
Total monthly$2,337.92$2,337.27
Cash to close$25,219$25,000