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$239,255$197,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$1,196$0
Note rate6.790%7.400%
Blended rate6.790%7.640%
1st payment$1,601.15$1,370.29
2nd payment$0.00$0.00
Taxes / mo$348.99$348.99
Insurance / mo$150.00$150.00
MI / mo$0.00$39.58
HOA / mo$705.00$705.00
Total monthly$2,805.13$2,613.86
Cash to close$0$21,990