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$246,969$229,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,235$0
Note rate7.170%7.400%
Blended rate7.170%7.640%
1st payment$1,710.99$1,589.01
2nd payment$0.00$0.00
Taxes / mo$409.00$409.00
Insurance / mo$150.00$150.00
MI / mo$0.00$45.90
HOA / mo$0.00$0.00
Total monthly$2,269.99$2,193.91
Cash to close$8,031$25,500