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$118,102$62,910
Remaining term (yrs)15.330.0
Secondary amount$0$0
Funding fee$591$0
Note rate2.360%7.400%
Blended rate2.360%7.640%
1st payment$762.17$435.58
2nd payment$0.00$0.00
Taxes / mo$54.17$54.17
Insurance / mo$150.00$150.00
MI / mo$0.00$12.58
HOA / mo$0.00$0.00
Total monthly$966.34$652.32
Cash to close$0$6,990