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$132,446$113,850
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$662$0
Note rate6.810%7.400%
Blended rate6.810%7.640%
1st payment$881.00$788.27
2nd payment$0.00$0.00
Taxes / mo$127.17$127.17
Insurance / mo$150.00$150.00
MI / mo$0.00$22.77
HOA / mo$0.00$0.00
Total monthly$1,158.17$1,088.21
Cash to close$0$12,650