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$140,210$120,150
Remaining term (yrs)29.030.0
Secondary amount$0$0
Funding fee$701$0
Note rate6.500%7.400%
Blended rate6.500%7.640%
1st payment$894.51$831.89
2nd payment$0.00$0.00
Taxes / mo$155.35$155.35
Insurance / mo$150.00$150.00
MI / mo$0.00$24.03
HOA / mo$0.00$0.00
Total monthly$1,199.86$1,161.28
Cash to close$0$13,350