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$227,200$60,300
Remaining term (yrs)25.430.0
Secondary amount$0$0
Funding fee$1,136$0
Note rate3.550%7.400%
Blended rate3.550%7.640%
1st payment$1,129.60$417.51
2nd payment$0.00$0.00
Taxes / mo$120.92$120.92
Insurance / mo$150.00$150.00
MI / mo$0.00$12.06
HOA / mo$0.00$0.00
Total monthly$1,400.52$700.48
Cash to close$0$6,700