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$257,512$247,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,288$0
Note rate7.230%7.320%
Blended rate7.230%7.560%
1st payment$1,808.19$1,700.15
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$17.00$17.00
Total monthly$2,204.36$2,145.82
Cash to close$17,488$27,500