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$254,643$171,000
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$1,273$0
Note rate6.850%7.400%
Blended rate6.850%7.640%
1st payment$1,705.50$1,183.97
2nd payment$0.00$0.00
Taxes / mo$194.17$194.17
Insurance / mo$150.00$150.00
MI / mo$0.00$34.20
HOA / mo$0.00$0.00
Total monthly$2,049.66$1,562.34
Cash to close$0$19,000