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$224,659$134,100
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,123$0
Note rate6.710%7.320%
Blended rate6.710%7.560%
1st payment$1,504.67$921.17
2nd payment$0.00$0.00
Taxes / mo$124.17$124.17
Insurance / mo$150.00$150.00
MI / mo$0.00$26.82
HOA / mo$0.00$0.00
Total monthly$1,778.84$1,222.16
Cash to close$0$14,900