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$115,684$89,100
Remaining term (yrs)29.630.0
Secondary amount$0$0
Funding fee$578$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$733.20$616.91
2nd payment$0.00$0.00
Taxes / mo$51.08$51.08
Insurance / mo$150.00$150.00
MI / mo$0.00$17.82
HOA / mo$0.00$0.00
Total monthly$934.28$835.81
Cash to close$0$9,900