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$251,754$45,000
Remaining term (yrs)23.730.0
Secondary amount$0$0
Funding fee$1,259$0
Note rate3.16%7.24%
Blended rate3.16%7.48%
1st payment$1,254.06$306.67
2nd payment$0.00$0.00
Taxes / mo$0.67$0.67
Insurance / mo$150.00$150.00
MI / mo$0.00$9.00
HOA / mo$89.00$89.00
Total monthly$1,493.72$555.34
Cash to close$0$5,000