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$242,138$189,000
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,211$0
Note rate4.980%7.400%
Blended rate4.980%7.640%
1st payment$1,392.02$1,308.60
2nd payment$0.00$0.00
Taxes / mo$83.08$83.08
Insurance / mo$150.00$150.00
MI / mo$0.00$37.80
HOA / mo$0.00$0.00
Total monthly$1,625.11$1,579.48
Cash to close$0$21,000