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$162,990$126,000
Remaining term (yrs)27.330.0
Secondary amount$0$0
Funding fee$815$0
Note rate6.610%7.400%
Blended rate6.610%7.640%
1st payment$1,074.06$872.40
2nd payment$0.00$0.00
Taxes / mo$194.25$194.25
Insurance / mo$150.00$150.00
MI / mo$0.00$25.20
HOA / mo$0.00$0.00
Total monthly$1,418.31$1,241.85
Cash to close$0$14,000