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$224,494$182,250
Remaining term (yrs)27.630.0
Secondary amount$0$0
Funding fee$1,122$0
Note rate6.990%7.320%
Blended rate6.990%7.560%
1st payment$1,528.65$1,251.93
2nd payment$0.00$0.00
Taxes / mo$158.25$158.25
Insurance / mo$150.00$150.00
MI / mo$0.00$36.45
HOA / mo$0.00$0.00
Total monthly$1,836.90$1,596.63
Cash to close$0$20,250