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$200,596$194,310
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,003$0
Note rate7.170%7.320%
Blended rate7.170%7.560%
1st payment$1,388.40$1,334.77
2nd payment$0.00$0.00
Taxes / mo$174.50$174.50
Insurance / mo$150.00$150.00
MI / mo$0.00$38.86
HOA / mo$0.00$0.00
Total monthly$1,712.90$1,698.14
Cash to close$15,304$21,590