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$183,826$135,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$919$0
Note rate6.950%7.320%
Blended rate6.950%7.560%
1st payment$1,244.46$927.36
2nd payment$0.00$0.00
Taxes / mo$169.67$169.67
Insurance / mo$150.00$150.00
MI / mo$0.00$27.00
HOA / mo$0.00$0.00
Total monthly$1,564.13$1,274.02
Cash to close$0$15,000