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$224,323$211,500
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,122$0
Note rate7.090%7.320%
Blended rate7.090%7.560%
1st payment$1,540.77$1,452.86
2nd payment$0.00$0.00
Taxes / mo$154.92$154.92
Insurance / mo$150.00$150.00
MI / mo$0.00$42.30
HOA / mo$4.17$4.17
Total monthly$1,849.85$1,804.24
Cash to close$10,677$23,500