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$254,044$234,000
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,270$0
Note rate7.030%7.400%
Blended rate7.030%7.640%
1st payment$1,738.24$1,620.17
2nd payment$0.00$0.00
Taxes / mo$161.75$161.75
Insurance / mo$150.00$150.00
MI / mo$0.00$46.80
HOA / mo$0.00$0.00
Total monthly$2,049.99$1,978.72
Cash to close$5,956$26,000