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$181,331$144,000
Remaining term (yrs)28.230.0
Secondary amount$0$0
Funding fee$907$0
Note rate6.440%7.400%
Blended rate6.440%7.640%
1st payment$1,161.35$997.03
2nd payment$0.00$0.00
Taxes / mo$133.33$133.33
Insurance / mo$150.00$150.00
MI / mo$0.00$28.80
HOA / mo$0.00$0.00
Total monthly$1,444.68$1,309.16
Cash to close$0$16,000