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$243,401$225,000
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,217$0
Note rate6.880%7.320%
Blended rate6.880%7.560%
1st payment$1,643.16$1,545.59
2nd payment$0.00$0.00
Taxes / mo$208.33$208.33
Insurance / mo$150.00$150.00
MI / mo$0.00$45.00
HOA / mo$0.00$0.00
Total monthly$2,001.49$1,948.93
Cash to close$6,599$25,000