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$215,033$117,000
Remaining term (yrs)27.830.0
Secondary amount$0$0
Funding fee$1,075$0
Note rate6.860%7.400%
Blended rate6.860%7.640%
1st payment$1,443.04$810.08
2nd payment$0.00$0.00
Taxes / mo$55.53$55.53
Insurance / mo$150.00$150.00
MI / mo$0.00$23.40
HOA / mo$280.00$280.00
Total monthly$1,928.57$1,319.01
Cash to close$0$13,000