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$220,629$179,910
Remaining term (yrs)28.130.0
Secondary amount$0$0
Funding fee$1,103$0
Note rate6.440%7.320%
Blended rate6.440%7.560%
1st payment$1,414.50$1,235.86
2nd payment$0.00$0.00
Taxes / mo$179.75$179.75
Insurance / mo$150.00$150.00
MI / mo$0.00$35.98
HOA / mo$0.00$0.00
Total monthly$1,744.25$1,601.59
Cash to close$0$19,990