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$246,510$148,500
Remaining term (yrs)25.130.0
Secondary amount$0$0
Funding fee$1,233$0
Note rate3.090%7.400%
Blended rate3.090%7.640%
1st payment$1,172.80$1,028.18
2nd payment$0.00$0.00
Taxes / mo$330.25$330.25
Insurance / mo$150.00$150.00
MI / mo$0.00$29.70
HOA / mo$39.17$39.17
Total monthly$1,692.22$1,577.30
Cash to close$0$16,500