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$286,468$224,100
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,432$0
Note rate7.620%7.400%
Blended rate7.620%7.640%
1st payment$2,079.90$1,551.62
2nd payment$0.00$0.00
Taxes / mo$136.17$136.17
Insurance / mo$150.00$150.00
MI / mo$0.00$44.82
HOA / mo$0.00$0.00
Total monthly$2,366.07$1,882.61
Cash to close$0$24,900