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$242,855$201,600
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,214$0
Note rate5.510%7.400%
Blended rate5.510%7.640%
1st payment$1,466.23$1,395.84
2nd payment$0.00$0.00
Taxes / mo$753.50$753.50
Insurance / mo$150.00$150.00
MI / mo$0.00$40.32
HOA / mo$0.00$0.00
Total monthly$2,369.73$2,339.66
Cash to close$0$22,400