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$318,827$198,000
Remaining term (yrs)29.130.0
Secondary amount$0$0
Funding fee$1,594$0
Note rate6.170%7.400%
Blended rate6.170%7.640%
1st payment$1,963.90$1,370.91
2nd payment$0.00$0.00
Taxes / mo$102.08$102.08
Insurance / mo$150.00$150.00
MI / mo$0.00$39.60
HOA / mo$440.00$440.00
Total monthly$2,655.99$2,102.60
Cash to close$0$22,000