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$230,690$121,500
Remaining term (yrs)26.030.0
Secondary amount$0$0
Funding fee$1,153$0
Note rate5.220%7.400%
Blended rate5.220%7.640%
1st payment$1,350.65$841.24
2nd payment$0.00$0.00
Taxes / mo$57.25$57.25
Insurance / mo$150.00$150.00
MI / mo$0.00$24.30
HOA / mo$659.00$659.00
Total monthly$2,216.90$1,731.79
Cash to close$0$13,500