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$222,940$170,100
Remaining term (yrs)27.030.0
Secondary amount$0$0
Funding fee$1,115$0
Note rate7.180%7.400%
Blended rate7.180%7.640%
1st payment$1,558.10$1,177.74
2nd payment$0.00$0.00
Taxes / mo$78.18$78.18
Insurance / mo$150.00$150.00
MI / mo$0.00$34.02
HOA / mo$407.00$407.00
Total monthly$2,193.28$1,846.93
Cash to close$0$18,900