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$241,082$184,500
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,205$0
Note rate6.630%7.320%
Blended rate6.630%7.560%
1st payment$1,570.60$1,267.39
2nd payment$0.00$0.00
Taxes / mo$57.58$57.58
Insurance / mo$150.00$150.00
MI / mo$0.00$36.90
HOA / mo$308.00$308.00
Total monthly$2,086.18$1,819.87
Cash to close$0$20,500