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$316,763$166,500
Remaining term (yrs)26.730.0
Secondary amount$0$0
Funding fee$1,584$0
Note rate6.570%7.400%
Blended rate6.570%7.640%
1st payment$2,095.46$1,152.81
2nd payment$0.00$0.00
Taxes / mo$517.33$517.33
Insurance / mo$150.00$150.00
MI / mo$0.00$33.30
HOA / mo$17.67$17.67
Total monthly$2,780.47$1,871.12
Cash to close$0$18,500