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$237,702$216,000
Remaining term (yrs)26.530.0
Secondary amount$0$0
Funding fee$1,189$0
Note rate6.320%7.320%
Blended rate6.320%7.560%
1st payment$1,538.34$1,483.77
2nd payment$0.00$0.00
Taxes / mo$200.00$200.00
Insurance / mo$150.00$150.00
MI / mo$0.00$43.20
HOA / mo$150.00$150.00
Total monthly$2,038.34$2,026.97
Cash to close$2,298$24,000