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$237,202$193,410
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,186$0
Note rate5.890%7.320%
Blended rate5.890%7.560%
1st payment$1,485.00$1,328.59
2nd payment$0.00$0.00
Taxes / mo$48.67$48.67
Insurance / mo$150.00$150.00
MI / mo$0.00$38.68
HOA / mo$775.00$775.00
Total monthly$2,458.67$2,340.94
Cash to close$0$21,490