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$241,329$184,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,207$0
Note rate6.960%7.320%
Blended rate6.960%7.560%
1st payment$1,624.47$1,267.39
2nd payment$0.00$0.00
Taxes / mo$57.60$57.60
Insurance / mo$150.00$150.00
MI / mo$0.00$36.90
HOA / mo$306.00$306.00
Total monthly$2,138.07$1,817.89
Cash to close$0$20,500