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$207,614$134,460
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,038$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$1,389.15$930.97
2nd payment$0.00$0.00
Taxes / mo$80.34$80.34
Insurance / mo$150.00$150.00
MI / mo$0.00$26.89
HOA / mo$632.00$632.00
Total monthly$2,251.49$1,820.20
Cash to close$0$14,940