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$228,720$216,000
Remaining term (yrs)27.230.0
Secondary amount$0$0
Funding fee$1,144$0
Note rate7.440%7.400%
Blended rate7.440%7.640%
1st payment$1,633.13$1,495.54
2nd payment$0.00$0.00
Taxes / mo$146.75$146.75
Insurance / mo$150.00$150.00
MI / mo$0.00$43.20
HOA / mo$0.00$0.00
Total monthly$1,929.88$1,835.49
Cash to close$11,280$24,000