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$268,723$107,100
Remaining term (yrs)28.430.0
Secondary amount$0$0
Funding fee$1,344$0
Note rate6.630%7.320%
Blended rate6.630%7.560%
1st payment$1,748.95$735.70
2nd payment$0.00$0.00
Taxes / mo$99.17$99.17
Insurance / mo$150.00$150.00
MI / mo$0.00$21.42
HOA / mo$0.00$0.00
Total monthly$1,998.12$1,006.29
Cash to close$0$11,900