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$165,907$76,410
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$830$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$1,111.18$529.05
2nd payment$0.00$0.00
Taxes / mo$161.50$161.50
Insurance / mo$150.00$150.00
MI / mo$0.00$15.28
HOA / mo$0.00$0.00
Total monthly$1,422.68$855.83
Cash to close$0$8,490