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$279,139$126,000
Remaining term (yrs)26.830.0
Secondary amount$0$0
Funding fee$1,396$0
Note rate6.810%7.320%
Blended rate6.810%7.560%
1st payment$1,887.56$865.53
2nd payment$0.00$0.00
Taxes / mo$288.17$288.17
Insurance / mo$150.00$150.00
MI / mo$0.00$25.20
HOA / mo$262.00$262.00
Total monthly$2,587.72$1,590.90
Cash to close$0$14,000