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$172,044$173,250
Remaining term (yrs)27.130.0
Secondary amount$0$0
Funding fee$860$0
Note rate7.630%7.400%
Blended rate7.630%7.640%
1st payment$1,251.41$1,199.55
2nd payment$0.00$0.00
Taxes / mo$76.50$76.50
Insurance / mo$150.00$150.00
MI / mo$0.00$34.65
HOA / mo$0.00$0.00
Total monthly$1,477.91$1,460.70
Cash to close$20,456$19,250