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$119,545$88,200
Remaining term (yrs)26.330.0
Secondary amount$0$0
Funding fee$598$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$790.09$610.68
2nd payment$0.00$0.00
Taxes / mo$4.46$4.46
Insurance / mo$150.00$150.00
MI / mo$0.00$17.64
HOA / mo$442.00$442.00
Total monthly$1,386.54$1,224.77
Cash to close$0$9,800