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$205,020$186,840
Remaining term (yrs)28.530.0
Secondary amount$0$0
Funding fee$1,025$0
Note rate6.630%7.400%
Blended rate6.630%7.640%
1st payment$1,334.35$1,293.64
2nd payment$0.00$0.00
Taxes / mo$173.00$173.00
Insurance / mo$150.00$150.00
MI / mo$0.00$37.37
HOA / mo$0.00$0.00
Total monthly$1,657.35$1,654.01
Cash to close$2,580$20,760