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$161,223$134,910
Remaining term (yrs)26.230.0
Secondary amount$0$0
Funding fee$806$0
Note rate6.490%7.400%
Blended rate6.490%7.640%
1st payment$1,065.79$934.09
2nd payment$0.00$0.00
Taxes / mo$25.89$25.89
Insurance / mo$150.00$150.00
MI / mo$0.00$26.98
HOA / mo$246.00$246.00
Total monthly$1,487.68$1,382.96
Cash to close$0$14,990