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$254,509$229,500
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,273$0
Note rate7.220%7.400%
Blended rate7.220%7.640%
1st payment$1,771.65$1,589.01
2nd payment$0.00$0.00
Taxes / mo$171.42$171.42
Insurance / mo$150.00$150.00
MI / mo$0.00$45.90
HOA / mo$0.00$0.00
Total monthly$2,093.07$1,956.33
Cash to close$491$25,500