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$189,620$161,910
Remaining term (yrs)27.430.0
Secondary amount$0$0
Funding fee$948$0
Note rate6.640%7.320%
Blended rate6.640%7.560%
1st payment$1,250.54$1,112.21
2nd payment$0.00$0.00
Taxes / mo$131.75$131.75
Insurance / mo$150.00$150.00
MI / mo$0.00$32.38
HOA / mo$55.00$55.00
Total monthly$1,587.29$1,481.34
Cash to close$0$17,990