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$295,170$108,000
Remaining term (yrs)27.730.0
Secondary amount$0$0
Funding fee$1,476$0
Note rate7.060%7.320%
Blended rate7.060%7.560%
1st payment$2,021.54$741.89
2nd payment$0.00$0.00
Taxes / mo$67.33$67.33
Insurance / mo$150.00$150.00
MI / mo$0.00$21.60
HOA / mo$0.00$0.00
Total monthly$2,238.87$980.82
Cash to close$0$12,000