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$232,414$220,410
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,162$0
Note rate7.190%7.320%
Blended rate7.190%7.560%
1st payment$1,627.47$1,514.06
2nd payment$0.00$0.00
Taxes / mo$547.78$547.78
Insurance / mo$150.00$150.00
MI / mo$0.00$44.08
HOA / mo$0.00$0.00
Total monthly$2,325.25$2,255.93
Cash to close$12,486$24,490