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$317,862$206,100
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,589$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$2,133.10$1,426.99
2nd payment$0.00$0.00
Taxes / mo$265.17$265.17
Insurance / mo$150.00$150.00
MI / mo$0.00$41.22
HOA / mo$0.00$0.00
Total monthly$2,548.27$1,883.38
Cash to close$0$22,900