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$225,537$180,000
Remaining term (yrs)26.630.0
Secondary amount$0$0
Funding fee$1,128$0
Note rate6.340%7.400%
Blended rate6.340%7.640%
1st payment$1,460.72$1,246.28
2nd payment$0.00$0.00
Taxes / mo$299.17$299.17
Insurance / mo$150.00$150.00
MI / mo$0.00$36.00
HOA / mo$225.00$225.00
Total monthly$2,134.89$1,956.45
Cash to close$0$20,000