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$219,641$162,360
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$1,098$0
Note rate6.840%7.320%
Blended rate6.840%7.560%
1st payment$1,463.91$1,115.30
2nd payment$0.00$0.00
Taxes / mo$228.17$228.17
Insurance / mo$150.00$150.00
MI / mo$0.00$32.47
HOA / mo$0.00$0.00
Total monthly$1,842.08$1,525.94
Cash to close$0$18,040