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$247,536$215,550
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,238$0
Note rate7.180%7.400%
Blended rate7.180%7.640%
1st payment$1,730.00$1,492.42
2nd payment$0.00$0.00
Taxes / mo$262.58$262.58
Insurance / mo$150.00$150.00
MI / mo$0.00$43.11
HOA / mo$0.00$0.00
Total monthly$2,142.58$1,948.12
Cash to close$0$23,950