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$237,884$103,500
Remaining term (yrs)25.630.0
Secondary amount$0$0
Funding fee$1,189$0
Note rate5.090%7.320%
Blended rate5.090%7.560%
1st payment$1,382.96$710.97
2nd payment$0.00$0.00
Taxes / mo$226.67$226.67
Insurance / mo$150.00$150.00
MI / mo$0.00$20.70
HOA / mo$0.00$0.00
Total monthly$1,759.63$1,108.35
Cash to close$0$11,500