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$229,393$184,500
Remaining term (yrs)26.930.0
Secondary amount$0$0
Funding fee$1,147$0
Note rate6.710%7.400%
Blended rate6.710%7.640%
1st payment$1,534.69$1,277.44
2nd payment$0.00$0.00
Taxes / mo$214.50$214.50
Insurance / mo$150.00$150.00
MI / mo$0.00$36.90
HOA / mo$0.00$0.00
Total monthly$1,899.19$1,678.84
Cash to close$0$20,500