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$222,796$170,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,114$0
Note rate7.070%7.400%
Blended rate7.070%7.640%
1st payment$1,541.02$1,177.74
2nd payment$0.00$0.00
Taxes / mo$78.17$78.17
Insurance / mo$150.00$150.00
MI / mo$0.00$34.02
HOA / mo$407.00$407.00
Total monthly$2,176.19$1,846.92
Cash to close$0$18,900