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$146,897$108,000
Remaining term (yrs)26.430.0
Secondary amount$0$0
Funding fee$734$0
Note rate6.270%7.400%
Blended rate6.270%7.640%
1st payment$948.36$747.77
2nd payment$0.00$0.00
Taxes / mo$99.81$99.81
Insurance / mo$150.00$150.00
MI / mo$0.00$21.60
HOA / mo$77.50$77.50
Total monthly$1,275.67$1,096.68
Cash to close$0$12,000