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$249,375$166,500
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,247$0
Note rate3.760%7.320%
Blended rate3.760%7.560%
1st payment$1,265.86$1,143.74
2nd payment$0.00$0.00
Taxes / mo$256.67$256.67
Insurance / mo$150.00$150.00
MI / mo$0.00$33.30
HOA / mo$0.00$0.00
Total monthly$1,672.52$1,583.71
Cash to close$0$18,500