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$258,881$197,100
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$1,294$0
Note rate5.230%7.320%
Blended rate5.230%7.560%
1st payment$1,521.82$1,353.94
2nd payment$0.00$0.00
Taxes / mo$75.05$75.05
Insurance / mo$150.00$150.00
MI / mo$0.00$39.42
HOA / mo$714.00$714.00
Total monthly$2,460.87$2,332.41
Cash to close$0$21,900