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$248,115$218,610
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,241$0
Note rate6.870%7.400%
Blended rate6.870%7.640%
1st payment$1,653.87$1,513.61
2nd payment$0.00$0.00
Taxes / mo$567.08$567.08
Insurance / mo$150.00$150.00
MI / mo$0.00$43.72
HOA / mo$0.00$0.00
Total monthly$2,370.95$2,274.42
Cash to close$0$24,290