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$212,620$178,920
Remaining term (yrs)29.430.0
Secondary amount$0$0
Funding fee$1,063$0
Note rate6.160%7.400%
Blended rate6.160%7.640%
1st payment$1,304.37$1,238.81
2nd payment$0.00$0.00
Taxes / mo$165.67$165.67
Insurance / mo$150.00$150.00
MI / mo$0.00$35.78
HOA / mo$0.00$0.00
Total monthly$1,620.04$1,590.26
Cash to close$0$19,880