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$246,404$208,800
Remaining term (yrs)27.530.0
Secondary amount$0$0
Funding fee$1,232$0
Note rate6.880%7.400%
Blended rate6.880%7.640%
1st payment$1,663.43$1,445.69
2nd payment$0.00$0.00
Taxes / mo$53.00$53.00
Insurance / mo$150.00$150.00
MI / mo$0.00$41.76
HOA / mo$255.00$255.00
Total monthly$2,121.43$1,945.45
Cash to close$0$23,200