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$289,133$216,000
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,446$0
Note rate6.990%7.320%
Blended rate6.990%7.560%
1st payment$1,968.80$1,483.77
2nd payment$0.00$0.00
Taxes / mo$231.74$231.74
Insurance / mo$150.00$150.00
MI / mo$0.00$43.20
HOA / mo$78.67$78.67
Total monthly$2,429.20$1,987.38
Cash to close$0$24,000