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$221,248$153,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$1,106$0
Note rate5.510%7.400%
Blended rate5.510%7.640%
1st payment$1,335.78$1,059.34
2nd payment$0.00$0.00
Taxes / mo$246.92$246.92
Insurance / mo$150.00$150.00
MI / mo$0.00$30.60
HOA / mo$0.00$0.00
Total monthly$1,732.70$1,486.86
Cash to close$0$17,000