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$56,435$21,600
Remaining term (yrs)18.830.0
Secondary amount$0$0
Funding fee$282$0
Note rate3.980%7.400%
Blended rate3.980%7.640%
1st payment$354.23$149.55
2nd payment$0.00$0.00
Taxes / mo$20.00$20.00
Insurance / mo$150.00$150.00
MI / mo$0.00$4.32
HOA / mo$0.00$0.00
Total monthly$524.23$323.87
Cash to close$0$2,400