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$186,186$14,400
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$931$0
Note rate6.150%7.400%
Blended rate6.150%7.640%
1st payment$1,187.99$99.70
2nd payment$0.00$0.00
Taxes / mo$11.69$11.69
Insurance / mo$150.00$150.00
MI / mo$0.00$2.88
HOA / mo$0.00$0.00
Total monthly$1,349.68$264.27
Cash to close$0$1,600