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$230,353$159,750
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,152$0
Note rate6.350%7.400%
Blended rate6.350%7.640%
1st payment$1,493.37$1,106.08
2nd payment$0.00$0.00
Taxes / mo$16.25$16.25
Insurance / mo$150.00$150.00
MI / mo$0.00$31.95
HOA / mo$0.00$0.00
Total monthly$1,659.62$1,304.28
Cash to close$0$17,750