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$209,870$135,000
Remaining term (yrs)28.730.0
Secondary amount$0$0
Funding fee$1,049$0
Note rate6.500%7.320%
Blended rate6.500%7.560%
1st payment$1,344.14$927.36
2nd payment$0.00$0.00
Taxes / mo$66.67$66.67
Insurance / mo$150.00$150.00
MI / mo$0.00$27.00
HOA / mo$412.00$412.00
Total monthly$1,972.81$1,583.02
Cash to close$0$15,000