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$209,962$51,750
Remaining term (yrs)20.830.0
Secondary amount$0$0
Funding fee$1,050$0
Note rate5.700%7.400%
Blended rate5.700%7.640%
1st payment$1,433.74$358.31
2nd payment$0.00$0.00
Taxes / mo$108.83$108.83
Insurance / mo$150.00$150.00
MI / mo$0.00$10.35
HOA / mo$0.00$0.00
Total monthly$1,692.58$627.49
Cash to close$0$5,750