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$123,518$94,455
Remaining term (yrs)25.830.0
Secondary amount$0$0
Funding fee$618$0
Note rate5.230%7.320%
Blended rate5.230%7.560%
1st payment$726.10$648.84
2nd payment$0.00$0.00
Taxes / mo$264.50$264.50
Insurance / mo$150.00$150.00
MI / mo$0.00$18.89
HOA / mo$0.00$0.00
Total monthly$1,140.60$1,082.23
Cash to close$0$10,495