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$244,444$234,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,222$0
Note rate7.170%7.320%
Blended rate7.170%7.560%
1st payment$1,691.90$1,607.42
2nd payment$0.00$0.00
Taxes / mo$290.75$290.75
Insurance / mo$150.00$150.00
MI / mo$0.00$46.80
HOA / mo$430.00$430.00
Total monthly$2,562.65$2,524.97
Cash to close$15,556$26,000