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$158,786$143,100
Remaining term (yrs)28.930.0
Secondary amount$0$0
Funding fee$794$0
Note rate6.740%7.400%
Blended rate6.740%7.640%
1st payment$1,039.93$990.80
2nd payment$0.00$0.00
Taxes / mo$145.42$145.42
Insurance / mo$150.00$150.00
MI / mo$0.00$28.62
HOA / mo$50.00$50.00
Total monthly$1,385.35$1,364.83
Cash to close$214$15,900