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$292,861$247,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,464$0
Note rate7.170%7.400%
Blended rate7.170%7.640%
1st payment$2,028.93$1,713.64
2nd payment$0.00$0.00
Taxes / mo$229.17$229.17
Insurance / mo$150.00$150.00
MI / mo$0.00$49.50
HOA / mo$29.17$29.17
Total monthly$2,437.27$2,171.48
Cash to close$0$27,500