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$224,313$202,500
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,122$0
Note rate7.500%7.400%
Blended rate7.500%7.640%
1st payment$1,610.63$1,402.07
2nd payment$0.00$0.00
Taxes / mo$246.17$246.17
Insurance / mo$150.00$150.00
MI / mo$0.00$40.50
HOA / mo$0.00$0.00
Total monthly$2,006.79$1,838.74
Cash to close$687$22,500